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privity business definition

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  1. The contractual relationship or mutual interest between two parties, such as a landlord and tenant.
  2. Private knowledge held jointly with another party. See also vertical privity 2.

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Also Mentioned In

contract

horizontal privity

privy

vertical privity

Browse entries near privity

private placement

private purpose municipal bond

privately held company

privatization

privileged subscription

pro forma earnings

pro forma financial statement

pro rata cancellation

pro rata distribution clause

pro rata

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© 1996-2013 LoveToKnow, Corp. All Rights Reserved. Audio pronunciation provided by LoveToKnow, Corp.