Dictionarypriv•yPronunciation: (priv'ē), [key] —adj., priv•i•er, priv•i•est, —n., pl. priv•ies. —adj. 1. participating in the knowledge of something private or secret (usually fol. by to): Many persons were privy to the plot. 2. private; assigned to private uses. 3. belonging or pertaining to some particular person, esp. with reference to a sovereign. 4. secret, concealed, hidden, or secluded. 5. acting or done in secret. —n. 1. outhouse (def. 1). 2. Law.a person participating directly in or having a derivative interest in a legal transaction. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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