Merriam-Webster Collegiate Dictionary - parley

 I. intransitive verb  (~ed; ~ing)  Date: 1570 to speak with another ; confer; specifically to discuss terms with an enemy  II. noun  (plural ~s)  Etymology: Middle English parlai speech, probably from Middle French parlee, from feminine of parle, past participle of parler to speak, from Medieval Latin parabolare, from Late Latin parabola speech, parable — more at parable  Date: 1580  1.  a. a conference for discussion of points in dispute  b. a conference with an enemy  2. discussion PARLEY  biographical name Peter — see Samuel Griswold Goodrich