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privatize

British pronunciation/pɹˈaɪvətˌaɪz/
American pronunciation/ˈpɹɪvəˌtaɪz/
to privatize
[VERB]
MAIN VERB
1

to change the ownership of an industry, service, or business from public to private

synonyms : privatise
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Examples
1. Privatizing eminent domain in the US.
2. Under President Salinas, the government privatized Mexican banks.
3. Privatize the pension system?
4. Okay, privatizing the military.
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