Definition of "privatization" []

• The transfer of a company or organization from government to private ownership and control. (noun)

Wiktionary.org : Text is available under the Creative Commons Attribution-ShareAlike License

• "Romney campaign aides reject the term "privatization" to describe their approach."
• "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."
• "Scouring the United States for ideas, he ran across the word privatization in the work of the economic and social theorist Peter Drucker."