1. (law) a close, direct, or successive relationship between parties, especially as to a contract or legal status
   "Privity of contract limits the rights of third parties to sue"
    
2. Private or secret knowledge shared between parties; confidentiality
   "The negotiations were conducted with the utmost privity"
    
3. [archaic] A secret or private matter
   "He was sworn to keep the privity of the king's council"

Derived forms: privities

Encyclopedia: Privity