privatize pri‧vat‧ize [ˈpraɪvətaɪz] also privatise verb [transitive] ECONOMICS
if the government privatizes a company or activity that it owns or operates, it sells the company etc to a business or to members of the public, who become its new shareholder S:

• the Argentine government's drive to privatize a number of businesses

• When it privatized agriculture, Vietnam went from rice-importer to exporter in one growing season.

— compare nationalize
— privatized also privatised adjective :

• the privatised gas industry

* * *

privatize UK US (UK also privatise) /ˈpraɪvɪtaɪz/ verb [I or T]
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(Cf. nationalize)

Financial and business terms. 2012.

Look at other dictionaries:

  • privatize — pri·va·tize / prī və ˌtīz/ vt tized, tiz·ing: to make private; esp: to change (as a business or industry) from public to private control or ownership pri·va·ti·za·tion /ˌprī və tə zā shən, ˌtī / n Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

  • privatize — 1968, from PRIVATE (Cf. private) (adj.) + IZE (Cf. ize). Related: Privatized; privatizing …   Etymology dictionary

  • privatize — (Amer.) praɪvÉ™taɪz v. make private, transfer control from governmental to private powers; change a business or industry from public to private control or private ownership (also privatise) …   English contemporary dictionary

  • privatize — (also privatise) ► VERB ▪ transfer (a business or industry) from public to private ownership. DERIVATIVES privatization noun …   English terms dictionary

  • privatize — [prī′və tīz΄] vt. privatized, privatizing to make or hold private; specif., to turn over (a public property, service, etc.) to private interests privatization n …   English World dictionary

  • privatize — UK [ˈpraɪvətaɪz] / US [ˈpraɪvəˌtaɪz] verb [transitive] Word forms privatize : present tense I/you/we/they privatize he/she/it privatizes present participle privatizing past tense privatized past participle privatized economics to sell a business… …   English dictionary

  • privatize — privatization, n. /pruy veuh tuyz /, v.t., privatized, privatizing. 1. to transfer from public or government control or ownership to private enterprise: a campaign promise to privatize some of the public lands. 2. to make exclusive; delimit or… …   Universalium

  • privatize — verb Privatize is used with these nouns as the object: ↑enterprise, health service, ↑industry, ↑railway, ↑social security …   Collocations dictionary

  • privatize — pri|va|tize [ praıvə,taız ] verb transitive to sell a business or industry that was owned and managed by the government so that it becomes a private business: There are plans to privatize the postal service …   Usage of the words and phrases in modern English

  • privatize — transitive verb Date: 1948 to make private; especially to change (as a business or industry) from public to private control or ownership • privatization noun …   New Collegiate Dictionary

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