American English

Definition of privatize verb from the Oxford Advanced American Dictionary

     

    privatize

     verb
    verb
    NAmE//ˈpraɪvəˌtaɪz//
     
    privatize somethingVerb Forms present simple I / you / we / they privatize
     
    he / she / it privatizes
     
    past simple privatized
     
    -ing form privatizing
     
     
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  1. 1to sell a business or an industry so that it is no longer owned by the government synonym denationalize
  2. 2 Air traffic control has been privatized. opposite nationalize
privatization
 
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NAmE//ˌpraɪvət̮əˈzeɪʃn//
 
noun [uncountable] There were fears that privatization would lead to job losses.
See the Oxford Advanced Learner's Dictionary entry: privatize