Etymology
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privatize (v.)

"make private as opposed to public," especially of a state transferring services or industries to private enterprise, 1966, a back-formation from privatization (q.v.). Re-privatise is attested from 1942. Related: Privatized; privatizing.

updated on November 18, 2020

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Definitions of privatize from WordNet

privatize (v.)
change from governmental to private control or ownership;
The oil industry was privatized
Synonyms: privatise
From wordnet.princeton.edu, not affiliated with etymonline.