Definitions
1.verbTo carry forward the stake and winnings from a bet on to a subsequent wager or series of wagers.
2.verb(by extension) To increase (an asset, money, etc.) by gambling or investing in a daring manner."Shall we parlay the value of our products?"
3.verb(by extension, generally) To convert (a situation, thing, etc.) into something better.
4.verbTo have a discussion, especially one between enemies.