Definitions

1. noun

a conversation or meeting, especially a secret or unofficial one, often between people who are enemies or have opposing interests

“The diplomats decided to have a parlay with the rival nation to discuss the terms of the peace treaty.”

2. verb

to engage in conversation, especially a secret or unofficial one, often between people who are enemies or have opposing interests

“The prisoners decided to parlay with the guards to negotiate a better living situation.”

3. verb

to exchange or negotiate something, especially in a formal or official way

“The company had to parlay with its creditors to avoid bankruptcy.”