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privatize

2 ENTRIES FOUND:

pri·vat·ize

verb \ˈprī-və-ˌtīz\

Definition of PRIVATIZE

transitive verb
: 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

Examples of PRIVATIZE

  1. The city decided to privatize the municipal power company.
  2. a proposal to privatize the health-care system

First Known Use of PRIVATIZE

1948

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