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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

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

pri·vat·i·za·tion play \ˌprī-və-tə-ˈzā-shən\ noun

Examples of privatize

  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


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