Privatization/Privatisation (alternately "denationalization/denationalisation" or "disinvestment") is the transfer of ownership from the public sector (government) to the private sector (business). A transfer in the opposite direction could be referred to the nationalization or municipalization of some property or responsibility
{i} privatization, act of removing from government control or ownership; changing an industry from state or public ownership to private ownership; (Politics) deprivation of national rights (also denationalisation)
{i} privatization, act of removing from government control or ownership; changing an industry from state or public ownership to private ownership; (Politics) deprivation of national rights (also denationalization)
{f} put under private control; place under private ownership, transfer from public to private ownership; deprive of national status (also denationalise)
de·na·tion·al·ize denationalizes denationalizing denationalized in BRIT, also use denationalise To denationalize an industry or business means to transfer it into private ownership so that it is no longer owned and controlled by the state. The government started to denationalize financial institutions = privatize nationalize + denationalization de·na·tion·ali·za·tion the denationalisation of industry. = privatization. to sell a business or industry that is owned by the state, so that it is then owned privately = privatize nationalize