( BrE also pri·vat·ise ) / ˈpraɪvətaɪz; NAmE / verb
[ vn ] to sell a business or an industry so that it is no longer owned by the government
SYN denationalize
OPP nationalize
► pri·vat·iza·tion , pri·vat·isa·tion / ˌpraɪvətaɪˈzeɪʃn; NAmE -təˈz-/ noun [ U ]:
There were fears that privatization would lead to job losses.