How to Say "privilege" in Spanish
The most common Spanish word for “privilege” is “privilegio” — use this word when referring to a special right or advantage that is often unearned or considered a benefit, like access to resources or a particular status..
privilegio
/pree-bee-LEH-heeoh//pɾi.βiˈle.xjo/

Examples
El acceso al agua potable no debería ser un privilegio, sino un derecho universal.
Access to drinking water shouldn't be a privilege, but a universal right.
Solo los miembros de la junta directiva tienen el privilegio de usar el ascensor privado.
Only members of the board of directors have the privilege of using the private elevator.
Sus contactos políticos le dieron muchos privilegios.
His political contacts gave him many advantages (privileges).
Masculine Noun
Even though it ends in '-o', remember that 'privilegio' is always a masculine word, so you must use 'el' or 'un' before it.
Confusing Gender
Mistake: “La privilegio”
Correction: El privilegio. Spanish nouns have a set gender (masculine or feminine). This one is masculine.
lujo
/LOO-ho//ˈluxo/

Examples
Para un escritor, el silencio es un lujo.
For a writer, silence is a luxury/privilege.
Me di el lujo de dormir hasta tarde hoy.
I gave myself the treat/indulgence of sleeping in late today.
¿Trabajar cuatro días a la semana? ¡Qué lujo!
Working four days a week? What a privilege!
Using 'darse el lujo'
The phrase 'darse el lujo de...' means 'to allow yourself the treat of...' or 'to indulge in...'. The verb following 'de' is always in the base form (infinitive).
honor
/oh-NOR//oˈnoɾ/

Examples
Es un honor estar aquí con ustedes.
It's an honor to be here with you.
El honor es todo mío.
The honor is all mine.
Tengo el honor de presentarles a nuestro próximo orador.
I have the honor of presenting our next speaker.
Privilegio vs. Lujo vs. Honor
Related Translations
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