Definitions from Wiktionary ( )

▸ noun:  (ecclesiastical law, now chiefly historical) An exemption from certain laws granted by the Pope.
▸ noun:  (countable) A particular benefit, advantage, or favor; a right or immunity enjoyed by some but not others; a prerogative, preferential treatment.
▸ noun:  An especially rare or fortunate opportunity; the good fortune (to do something).
▸ noun:  (uncountable) The fact of being privileged; the status or existence of (now especially social or economic) benefit or advantage within a given society.
▸ noun:  A right or immunity enjoyed by a legislative body or its members.
▸ noun:  (countable, US, finance, now rare) A stock market option.
▸ noun:  (law) A common law doctrine that protects certain communications from being used as evidence in court.
▸ noun:  (computing) An ability to perform an action on the system that can be selectively granted or denied to users.
▸ verb:  (archaic) To grant some particular right or exemption to; to invest with a peculiar right or immunity; to authorize
▸ verb:  (archaic) To bring or put into a condition of privilege or exemption from evil or danger; to exempt; to deliver.

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