Meaning of “privilege” in the English Dictionary

"privilege" in British English

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uk /ˈprɪv.əl.ɪdʒ/ us /ˈprɪv.əl.ɪdʒ/

C1 [ C or U ] an advantage that only one person or group of people has, usually because of their position or because they are rich:

Healthcare should be a right, not a privilege.
Senior management enjoy certain privileges, such as company cars and health insurance.

C1 [ S ] an opportunity to do something special or enjoyable:

I had the privilege of interviewing Picasso in the 1960s.
It was a real privilege to meet her.

[ U ] the way in which rich people or people from a high social class have most of the advantages in society:

a life of privilege

[ C or U ] specialized law the special right that some people in authority have that allows them to do or say things that other people are not allowed to:

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(Definition of “privilege” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"privilege" in American English

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privilegenoun [ C/U ]

us /ˈprɪv·ə·lɪdʒ, ˈprɪv·lɪdʒ/

a special advantage or authority possessed by a particular person or group:

[ C ] As a senior executive, you will enjoy certain privileges.
[ C ] I had the privilege (= the honor) of interviewing the prime minister of Canada.

(Definition of “privilege” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"privilege" in Business English

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privilegenoun [ C or U ]

uk /ˈprɪvəlɪdʒ/ us

a right or advantage that only a small number of people have:

At the moment, it tends to be managers or technology-related workers who work from home - it's seen as something of a privilege for trusted employees.
With power and privilege comes responsibility.
be a privilege doing/to do sth It's been a pleasure and a privilege to work with you all.
have the privilege of doing sth I had the privilege of studying at one of the country's leading business schools.
for the privilege of doing sth Advertisers often subsidize entire TV productions or movie marketing campaigns for the privilege of featuring their brands.
enjoy/earn a privilege It is possible that the company will one day command a premium rating, but the market clearly believes it has to earn that privilege.

LAW legal protection that a person or a group has because of their position within a society, for example the right to keep particular discussions, etc. private:

the attorney-client privilege
Executive privilege means that certain documents will not have to be disclosed.

(Definition of “privilege” from the Cambridge Business English Dictionary © Cambridge University Press)