transcription, транскрипция: [ praɪvətaɪz ]
( privatizes, privatizing, privatized)
Frequency: The word is one of the 3000 most common words in English.
Note: in BRIT, also use 'privatise'
If a company, industry, or service that is owned by the state is privatized , the government sells it and makes it a private company. ( BUSINESS )
The water boards are about to be privatized.
...a pledge to privatise the rail and coal industries.
...the newly privatized FM radio stations.
≠ nationalize
VERB : be V-ed , V n , V-ed
• pri‧vati‧za‧tion
(privatizations)
...the privatisation of British Rail.
...fresh rules governing the conduct of future privatizations.
≠ nationalization
N-VAR : oft N of n