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 usually privatise)     /ˈpraɪ.və.taɪz/
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.Government administration and organisationSelling privatization (UK usually privatisation)     /ˌpraɪ.vɪ.taɪˈzeɪ.ʃən/ US  /-t̬ə-/ noun [U] The last few years have seen the privatization of many industries previously owned by the state .Government administration and organisationSelling
(Definition of privatize verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
Focus on the pronunciation of privatize

Definitions of “privatize” in other dictionaries

Word of the Day

familiarity

a good knowledge of something, or the fact that you know it so well

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More