Word forms: 3rd person singular presenttense privatizes, present participle privatizing, past tense, past participle privatizedregional note: in BRIT, also use privatise
verb
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. [beVERB-ed]
...a pledge to privatise the rail and coal industries. [VERB noun]
...the newly privatized FM radio stations. [VERB-ed]