privati'sation

World English Dictionary
privatize or privatise (ˈpraɪvɪˌtaɪz) [Click for IPA pronunciation guide]
 
vb
(tr) to transfer (the production of goods or services) from the public sector of an economy into private ownership and operation
 
privatise or privatise
 
vb
 
privati'zation or privatise
 
n
 
privati'sation or privatise
 
n

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Privati'sation is always a great word to know.
So is gobo. Does it mean:
an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle.
a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.
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