What is the definition of privateer?

Answer 1

1. A ship privately owned and crewed but authorized by a government during wartime to attack and capture enemy vessels.
2. The commander or one of the crew of such a ship.
3. A pirate who the government gives a blind eye to if a share of their prophets go to the monarchy

(Correction re definition #3: "A pirate to whom the government gives a blind eye, to if a share of their prophets profits go to the monarchy." (No, I'm not an English teacher, but I am a copy editor and this sort of self-published semi-literacy drives me crazy!)

Answer 2

Privatization is the transfer of ownership from the public sector (government) to the private sector (business).