
tr.v., -tized, -tiz·ing, -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).
privatization pri'va·ti·za'tion (-tĭ-zā'shən) n.




