Denationalize
Pronunciation: /dɪˈnæʃənəˌlaɪz/
Denationalize (verb)
- To remove government ownership of a company or service and transfer it to private owners.
- To change a system so it is run less by the state and more by private groups or individuals.
Examples
- The government denationalizes companies by selling state assets.
- Companies can be denationalized when the state sells state assets.