Source : Webster's Revised Unabridged Dictionary (1913)

Privilege \Priv"i*lege\, v. t. [imp. & p. p. {Privileged}; p.
   pr. & vb. n. {Privileging}.] [Cf. F. privil['e]gier.]
   1. To grant some particular right or exemption to; to invest
      with a peculiar right or immunity; to authorize; as, to
      privilege representatives from arrest.

            To privilege dishonor in thy name.    --Shak.

   2. To bring or put into a condition of privilege or exemption
      from evil or danger; to exempt; to deliver.

            He took this place for sanctuary, And it shall
            privilege him from your hands.        --Shak.