°To carry communications traffic terminating on one's own network on an equivalency basis to and from another network, usually without charge or payment. Contrast with
transit where one pays another network provider to carry one's traffic.
noun
°Somebody or something who/that is at an equal level.
°A noble with a hereditary title, i.e., a
peerage, and in times past, with certain rights and privileges not enjoyed by
commoners.