Definition, Meaning & Synonyms
privatised
verb
/ˈprɪvaɪtaɪzd/
Definition
To transfer ownership of a public service or enterprise to a private individual or organization.
Examples
- The government privatised the electricity company last year.
- After it was privatised, the railway service improved significantly.
- Many argue that health care should not be privatised.
Meaning
The act of making a government-owned business privately owned.
Synonyms
- decontrolled
- corporatized
- freed from public ownership
