Available Definitions:
1) a. - Invested with a privilege; enjoying a peculiar right, advantage, or immunity.
2) n. - See Call , Put, Spread, etc.
3) v. t. - To grant some particular right or exemption to; to invest with a peculiar right or immunity; to authorize; as, to privilege representatives from arrest.
4) v. t. - To bring or put into a condition of privilege or exemption from evil or danger; to exempt; to deliver.