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