Privileged Communication
Definition of 'Privileged Communication'Interaction between two parties in which the law recognizes a private, protected relationship. Whatever is communicated between these pairs of parties shall remain confidential, and the law cannot force disclosure of these communications. The individual that initially makes the privileged communication legally has the ability to prevent the other party in the relationship from disclosing the content of the privileged communication. |
|
Investopedia explains 'Privileged Communication'Typically, privileged communications refer to communications between attorney and client, accountant and client, doctor or therapist and patient, priest and parishioner or husband and wife (and, in some states, reporters and their sources). The recipient of the information must keep the communication private, unless the privilege is waived by the discloser of the information.There are conditions that must be met in order to preserve the confidential status of these communications. First, the communication must be between people in a legally recognized protected relationship. Next, the communication must take place in a private setting, where the communicators have a reasonable expectation of confidentiality (like a private office). Lastly, the privileged status of the communication is lost if or when the communication is shared with a third party that is not part of the protected relationship (however, agents of the recipient of the information - such as an accountant's secretary or a doctor's nurse - would generally not be considered a third party that defeats the privileged status of the communication). |
Related Definitions
Articles Of Interest
-
CPA, CFA Or CFP® - Pick Your Abbreviation Carefully
A couple of letters can mean a big difference. Find out which designation you need and how to get it. -
Crunch Numbers To Find The Ideal Accountant
The phone book isn't the best place to start your search. Learn some shopping tips here. -
A Look At Accounting Careers
More than just crunching numbers, this career blends detective work with trouble shooting. -
Find The Right Financial Advisor
Learn how to weed out those who are just out to make a quick buck. -
Financial History: The Evolution Of Accounting
Follow accounting from its roots in ancient times to the profession we now depend on. -
Financial History: The Rise Of Modern Accounting
Find out how these two have grown hand-in-hand throughout our modern history. -
Uncovering A Career In Forensic Accounting
Does a job as a financial sleuth sound interesting to you? Dig in to learn more. -
Do You Dare Sue Your Broker?
A financial damages claim is not for the fainthearted, but it may be worth it in the end. -
What To Do When You're Left Out Of A Will
Discover the legal steps you can take if you are left out of a will and if fighting is worth the effort. -
Fighting Back Against Collection Lawsuits
There are still options available to those being pursued by a creditor.
Free Annual Reports