privatize [privatized, privatizing, privatizes]◼◼◼(to release government control to private industry) verb [UK: ˈprɪ.və.ˌtaɪz] [US: ˈprɪ.və.ˌtaɪz]The government has now abandoned its plans to privatize parts of the health service. = Le gouvernement a maintenant abandonné ses projets de privatiser des éléments du service de santé.