privatize

[ prahy-vuh-tahyz ]
/ ˈpraɪ vəˌtaɪz /
|

verb (used with object), pri·va·tized, pri·va·tiz·ing.

to transfer from public or government control or ownership to private enterprise: a campaign promise to privatize some of the public lands.
to make exclusive; delimit or appropriate: special-interest groups attempting to privatize social issues.
Also especially British, pri·va·tise.

Origin of privatize

First recorded in 1945–50; private + -ize
Related formspri·va·ti·za·tion, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for privatization

British Dictionary definitions for privatization

privatize

privatise

/ (ˈpraɪvɪˌtaɪz) /

verb

(tr) to transfer (the production of goods or services) from the public sector of an economy into private ownership and operation
Derived Formsprivatization or privatisation, noun
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012