privatize
(UK also privatise) /ˈpraɪvɪtaɪz/ verb [I or T]Definition
› ECONOMICS, GOVERNMENT if the government privatizes companies and organizations that it owns, it sells them to private investors: The conglomerate calls itself the world's largest water company and has been a pioneer in the trend toward privatizing government water services.
→ Compare nationalize(Definition of privatize verb from the Cambridge Business English Dictionary
© Cambridge University Press)
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