palaver vs parley

palaver and parley both are nouns.

Word	Noun	Adjective	Verb	Adverb
palaver	Yes	No	Yes	No
parley	Yes	No	Yes	No

As verbs, parley is a hypernym of palaver; that is, parley is a word with a broader meaning than palaver:

palaver: have a lengthy discussion, usually between people of different backgrounds
parley: discuss, as between enemies

palaver (noun)	parley (noun)
loud and confused and empty talk	a negotiation between enemies
flattery intended to persuade

palaver (verb)	parley (verb)
have a lengthy discussion, usually between people of different backgrounds	discuss, as between enemies
influence or urge by gentle urging, caressing, or flattering
speak (about unimportant matters) rapidly and incessantly