Spot-on privilege (5)
I believe the answer is:
right
This clue is a double definition.
'spot-on' is the first definition.
(I've seen this before)
'privilege' is the second definition.
(I've seen this in another clue)
(Other definitions for right that I've seen before include "Spot-on" , "Most favourable" , "Morally good; rectify" , "Complete" , "Just - correct - title" .)