privatization

IPA: prˈaɪvʌtʌzˈeɪʃʌn

The transfer of a company or organization from government to private ownership and control.
(uncommon) The rendering of a thought or an idea, as private in scope.

Examples of "privatization" in Sentences

And what that exemplifies is what we call the privatization of culture.
Romney campaign aides reject the term "privatization" to describe their approach.
We should retire the word "privatization" in favor of its Big Brother, "corporatization."
Scouring the United States for ideas, he ran across the word privatization in the work of the economic and social theorist Peter Drucker.
Drucker, credited with inventing the word privatization, now foresees a coming backlash of “bitterness and contempt” against the rich in the United States.
Democrats had already planned to make the Ryan Medicare plan, which they call privatization, a centerpiece of their efforts to unseat Republicans in Congress.
Government has avoided the word privatization and instead has adopted a program of “disinvestment,” generally intending to sell off partial ownership but retain majority control.
The IMF will loan you money to cover your ever burdening interest payments but they attach a provision that if you default, you will have to give them your assets in what they call privatization foreclosure.
Application of the word "privatization," however, is almost always a misuse of the English language, albeit one that has become so common that it falls automatically off the tongue and flows unchecked past the ear.