Longman Dictionary of Contemporary English homepage

modernize

verb
     
mod‧ern‧ize also modernise British English
1 [transitive] to make something such as a system or building more modern:
They need more funds to modernize the country's telephone system.
a tastefully modernized old farmhouse
2 [intransitive] to start using more modern methods and equipment:
The business will lose money if it doesn't modernize.
modernizer noun [countable]
the conflict between the modernizers and the conservatives
modernization noun [uncountable and countable]
the modernization of the railway system

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