Meaning of “nationalize” - Learner’s Dictionary


verb [ T ] uk us /ˈnæʃənəlaɪz/

If private companies are nationalized, the government takes control of them:

[ often passive ] British Aerospace was nationalized in 1977 by the Labour Party.
nationalization uk us /ˌnæʃənəlaɪˈzeɪʃən/ noun [ U ]

the nationalization of diamond mines

(Definition of “nationalize” from the Cambridge Learner’s Dictionary © Cambridge University Press)