privatize Meaning in the Cambridge English Dictionary
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Meaning of “privatize” in the English Dictionary

"privatize" in British English

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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-/
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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

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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

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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.
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(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…
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