Settings that define the kind of access users have to shared items. You can assign four types of privileges to a share point, folder, or file-read and write, read only, write only, and none no access.
A user's capabilities to use specific meeting service features. A meeting host, presenter, and attendee each have different privileges in a meeting. A host or presenter can assign privileges to or remove them from attendees.
Etymologically speaking, a privilege is a "personal law", making privileges a set of personal rights. Privileges amount to the sum of what a person may do, as granted to them or inherited. Groups or roles are said to have privileges, but ultimately that is a way to confer those privileges to all members as individuals. In the context of a Privilege management system, Privileges is used to describe the combination of a person or group, their current permissions, and any qualifications to those permissions.