Dictionary
privatize
verb pri·vat·ize \ˈprī-və-ˌtīz\
: to remove (something) from government control and place it in private control or ownership
Full Definition of PRIVATIZE
transitive verb
: to make private; especially : to change (as a business or industry) from public to private control or ownership
— pri·vat·i·za·tion \ˌprī-və-tə-ˈzā-shən\ noun
See privatize defined for English-language learners
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First Known Use of PRIVATIZE
1948
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