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English definition of “parley”

parley

noun [C] uk   /ˈpɑː.li/ us    /ˈpɑːr-/ old-fashioned or humorous
a discussion between two groups of people, especially one that is intended to end an argumentDebate and discussion
parley
verb [I] uk   us  
old-fashioned After some serious parleying, both sides agreed to settle their differences.Debate and discussion
(Definition of parley from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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