Privilege | ˈpriv(ə)lij |

a special right, advantage, or immunity granted or available only to a particular person or group of people:education is a right, not a privilege|he has been accustomed all his life to wealth and privilege.

• something regarded as a rare opportunity and bringing particular pleasure:I have the privilege of awarding you this scholarship.

• (also absolute privilege)(especially in a parliamentary context) the right to say or write something without the risk of incurring punishment or legal action for defamation.

• the right of a lawyer or official to refuse to divulge confidential information.

• chiefly historical a grant to an individual, corporation, or place of special rights or immunities, especially in the form of a franchise or monopoly.