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privatize

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privatization

Main Entry:: pri·vat·ize
Pronunciation:: \ˈprī-və-ˌtīz\
Function:: transitive verb
Date:: 1948

: 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

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