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The Collaborative International Dictionary of English v.0.48 (gcide)

Parley \Par"ley\, n.; pl. {Parleys}. [F. parler speech, talk,
fr. parler to speak, LL. parabolare, fr. L. parabola a
comparison, parable, in LL., a word. See {Parable}, and cf.
{Parliament}, {Parlor}.]
Mutual discourse or conversation; discussion; hence, an oral
conference with an enemy, as with regard to a truce.
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We yield on parley, but are stormed in vain. --Dryden.
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{To beat a parley} (Mil.), to beat a drum, or sound a
trumpet, as a signal for holding a conference with the
enemy.
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Parley \Par"ley\, v. i. [imp. & p. p. {Parleyed}; p. pr. & vb.
n. {Parleying}.]
To speak with another; to confer on some point of mutual
concern; to discuss orally; hence, specifically, to confer
orally with an enemy; to treat with him by words, as on an
exchange of prisoners, an armistice, or terms of peace.
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They are at hand,
To parley or to fight; therefore prepare. --Shak.
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