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privatize

play
verb pri·vat·ize \ˈprī-və-ˌtīz\

Simple Definition of privatize

  • : to remove (something) from government control and place it in private control or ownership

Source: Merriam-Webster's Learner's Dictionary

Full Definition of privatize

  1. transitive verb
  2. :  to make private; especially :  to change (as a business or industry) from public to private control or ownership

privatization

play \ˌprī-və-tə-ˈzā-shən\ noun

Examples of privatize in a sentence

  1. The city decided to privatize the municipal power company.

  2. a proposal to privatize the health-care system



1948

First Known Use of privatize

1948


Law Dictionary

privatize

play
transitive verb pri·va·tize \ˈprī-və-ˌtīz\

Legal Definition of privatize

privatized

privatizing

  1. :  to make private; especially :  to change (as a business or industry) from public to private control or ownership

privatization

\ˌprī-və-tə-ˈzā-shən, -ˌtī-\ play noun



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