privatize Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “privatize” in the English Dictionary

"privatize" in British English

See all translations

privatizeverb [T]

(UK usually privatise) uk   us   /ˈpraɪ.və.taɪz/
C1 If a ​government privatizes an ​industry, ​company, or ​service that it ​owns and ​controls, it ​sells it so that it ​becomesprivatelyowned and ​controlled: I ​boughtshares in British Gas when it was privatized.
privatization
noun [U] (UK usually privatisation) uk   /ˌpraɪ.vɪ.taɪˈzeɪ.ʃən/  us   /-t̬ə-/
More examples
The last few ​years have ​seen the privatization of many ​industriespreviouslyowned 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 ​controlledindependently
privatization
noun [U]  us   /ˌprɑɪ·vət̬·əˈzeɪ·ʃən/
the privatization of the British ​steelindustry
(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   us   /ˈpraɪvɪtaɪz/
ECONOMICS, GOVERNMENT if the ​government privatizes ​companies and ​organizations that it ​owns, it ​sells them to ​privateinvestors: The ​conglomeratecalls itself the world's largest water ​company and has been a ​pioneer in the ​trend toward privatizing ​government water ​services.
Compare
(Definition of privatize from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “privatize”
in Chinese (Simplified) 使私有化…
in Turkish özelleştirmek…
in Russian приватизировать…
in Chinese (Traditional) 使私有化…
in Polish prywatyzować…
What is the pronunciation of privatize?
Add Cambridge dictionaries to your browser to your website
Word of the Day
coeducational

having male and female students being taught together in the same school or college rather than separately

Word of the Day