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term:
Privatize
-
privatize vt
-
-tized
-tiz·ing
: to make private
;esp
: to change (as a business or industry) from public to private control or ownership
pri·va·ti·za·tion [prī-və-tə-zā-shən, -tī-]
n
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.