English version

privatize

From Longman Dictionary of Contemporary English
Related topics: Economics, Business basics
privatizepri‧vat‧ize (also privatise British English) /ˈpraɪvətaɪz/ verb [transitive]  PEBBif a government privatizes an organization, industry, or service that it owns or controls, it sells itnationalize
→ See Verb table
Examples from the Corpus
privatizeOver the years, he cut costs by privatizing a big portion of each service.Employees of the Strathtay bus company, which has been privatized, are concerned that drivers are about to be made redundant.The company was privatized by the government in 1987.Hungary has been very keen to privatize its major industries, following the democratic reforms of 1988.Boris Yeltsin and his team wanted to privatize land after toppling the Soviet system.Chiluba pledged to reduce spending on the security forces and to privatize loss-making parastatal organizations.Third, it is time to privatize Pemex, the inefficient state oil company.It has suggested privatizing Snecma, which makes aeroengines.Another proposal suggests privatizing some aspects of local prisons.Gazing into our crystal ball, we see Scott breaking her campaign promise to not privatize Tucson Water.
From Longman Business Dictionaryprivatizepri‧vat‧ize /ˈpraɪvətaɪz/ (also privatise British English) verb [transitive]ECONOMICS if the government privatizes a company or activity that it owns or operates, it sells the company etc to a business or to members of the public, who become its new SHAREHOLDERsthe Argentine government’s drive to privatize a number of businessesWhen it privatized agriculture, Vietnam went from rice-importer to exporter in one growing season. compare nationalizeprivatized (also privatised British English) adjectivethe privatised gas industry→ See Verb table
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Verb table
privatize
Simple Form
Present
I, you, we, theyprivatize
he, she, itprivatizes
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Past
I, you, he, she, it, we, theyprivatized
Present perfect
I, you, we, theyhave privatized
he, she, ithas privatized
Past perfect
I, you, he, she, it, we, theyhad privatized
Future
I, you, he, she, it, we, theywill privatize
Future perfect
I, you, he, she, it, we, theywill have privatized
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Continuous Form
Present
Iam privatizing
he, she, itis privatizing
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you, we, theyare privatizing
Past
I, he, she, itwas privatizing
you, we, theywere privatizing
Present perfect
I, you, we, theyhave been privatizing
he, she, ithas been privatizing
Past perfect
I, you, he, she, it, we, theyhad been privatizing
Future
I, you, he, she, it, we, theywill be privatizing
Future perfect
I, you, he, she, it, we, theywill have been privatizing
> View Less