Meaning of “privatize” in the English Dictionary

"privatize" in English

See all translations

privatizeverb [ T ]

UK usually privatise uk /ˈpraɪ.və.taɪz/ us /ˈpraɪ.və.taɪz/
noun [ U ] UK usually privatisation uk /ˌpraɪ.və.taɪˈzeɪ.ʃən/ us /ˌpraɪ.və.t̬əˈzeɪ.ʃən/


The last few years have seen the privatization of many industries previously owned by the state.

(Definition of “privatize” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"privatize" in American English

See all translations

privatizeverb [ T ]

us /ˈprɑɪ·vəˌtɑɪz/

privatize verb [ T ] (MAKE INDEPENDENT)

social studies (of an industry, company, or service) to change from being owned by a government to being owned and controlled independently

noun [ U ] us /ˌprɑɪ·vət̬·əˈzeɪ·ʃən/

the privatization of the British steel industry

(Definition of “privatize” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"privatize" in Business English

See all translations

privatizeverb [ I or T ]

UK also privatise uk /ˈpraɪvɪtaɪz/ us

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.


(Definition of “privatize” from the Cambridge Business English Dictionary © Cambridge University Press)