transcription, транскрипция: [ næʃənəlaɪz ]
( nationalizes, nationalizing, nationalized)
Note: in BRIT, also use 'nationalise'
If a government nationalizes a private company or industry, that company or industry becomes owned by the state and controlled by the government. ( BUSINESS )
In 1987, Garcia introduced legislation to nationalize Peru’s banking and financial systems...
≠ privatize
VERB : V n
• na‧tion‧ali‧za‧tion
(nationalizations)
...the campaign for the nationalization of the coal mines...
The steel workers were relatively indifferent to the issue of nationalization.
≠ privatization
N-UNCOUNT : also N in pl