PRIVY
Priv"y, n.; pl. Privies (.
1. (Law)
Defn: A partaker; a person having an interest in any action or thing; one who has an interest in an estate created by another; a person having an interest derived from a contract or conveyance to which he is not himself a party. The term, in its proper sense, is distinguished from party. Burrill. Wharton.
2. A necessary house or place; a backhouse.
PRIZABLE
Priz"a*ble, a.
Defn: Valuable. H. Taylor.
PRIZE Prize, n. Etym: [F. prise a seizing, hold, grasp, fr. pris, p. p. of prendre to take, L. prendere, prehendere; in some senses, as 2 (b), either from, or influenced by, F. prix price. See Prison, Prehensile, and cf. Pry, and also Price.]
1. That which is taken from another; something captured; a thing seized by force, stratagem, or superior power. I will depart my pris, or may prey, by deliberation. Chaucer. His own prize, Whom formerly he had in battle won. Spenser.
2. Hence, specifically; (a) (Law) Anything captured by a belligerent using the rights of war; esp., property captured at sea in virtue of the rights of war, as a vessel. Kent. Brande & C. (b) An honor or reward striven for in a competitive contest; anything offered to be competed for, or as an inducement to, or reward of, effort. I'll never wrestle for prize more. Shak. I fought and conquered, yet have lost the prize. Dryden.
(c) That which may be won by chance, as in a lottery.