privatize
//ˈpraɪvətaɪz//
Verb
privatizeInfinitive
privatizePresent tense
privatizedPast tense
privatizedPast participle
privatizingPresent participle
privatizesThird-person singular
1
To transfer ownership or control of a business, industry, or service from the government to the private sector.
The government decided to privatize the national railway.
2
To make something private or remove it from public ownership or access.
The government decided to privatize the national railway system.