Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “privatize”

privatize

verb [T] uk (UK usually privatise)   /ˈpraɪ.və.taɪz/ us  
C1 If a government privatizes an industry, company, or service that it owns and controls, it sells it so that it becomes privately owned and controlled: I bought shares in British Gas when it was privatized.
privatization
noun [U] uk (UK usually privatisation)   /ˌpraɪ.vɪ.taɪˈzeɪ.ʃən/ us    /-t̬ə-/
The last few years have seen the privatization of many industries previously owned by the state.
(Definition of privatize from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
What is the pronunciation of privatize?
Add Cambridge dictionaries to your browser to your website

Definitions of “privatize” in other dictionaries

Word of the Day

from the word go

from the start of something

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More