Usually means: Excludable and rival in consumption.
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We found 5 dictionaries that define the word private good:

General (2 matching dictionaries)
  1. private good: Wiktionary
  2. Private good: Wikipedia, the Free Encyclopedia

Business (3 matching dictionaries)
  1. Private Good: FACS Journalist's Guide to Economic Terms
  2. Accounting, Business Studies and Economics Dictionary (No longer online)
  3. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (private good)

noun:  (economics) A good that is rivalrous and excludable.

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