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From: Webster's Revised Unabridged Dictionary (1913)

 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.
 They are at hand,
 To parley or to fight; therefore prepare.   --Shak.