Definition of nationalization noun from the Oxford Advanced Learner's Dictionary

 

nationalization

 noun
(British English also -isation)noun
BrE BrE//ˌnæʃnəlaɪˈzeɪʃn//
 
; NAmE NAmE//ˌnæʃnələˈzeɪʃn//
 
[uncountable, countable]
 
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the process of putting an industry or a company under the control of the government, which becomes its owner opposite denationalization, privatization