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Definition of Privatization - 3 dictionary results
pri⋅va⋅tize
[prahy-vuh-tahyz] 
vəˌtaɪz
–verb (used with object), -tized, -tiz⋅ing.
| 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 appropriate: special-interest groups attempting to privatize social issues. |
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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Link To Privatization
| pri·va·tize (prī'və-tīz') tr.v. pri·va·tized, pri·va·tiz·ing, pri·va·tiz·es To change (an industry or business, for example) from governmental or public ownership or control to private enterprise: "The strike ... was called to protest the ... government's plans to break up and privatize the deficit-ridden national railway system" (Christian Science Monitor). pri'va·ti·za'tion (-tĭ-zā'shən) n. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
privatization
- The conversion of a public enterprise to a private enterprise. For example, a government-owned railroad or airline may undergo privatization if ownership shares of the enterprise are sold to individual and institutional investors.
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Copyright © 2003. Published by Houghton Mifflin.
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Copyright © 2009, Dictionary.com, LLC. All rights reserved.
