Pronunciation: (prī'vu-tīz"), [key]
—v.t., -tized, -tiz•ing.
1. to transfer from public or government control or ownership to private enterprise: a campaign promise to privatize some of the public lands.
2. to make exclusive; delimit or appropriate: special-interest groups attempting to privatize social issues. Also, esp. Brit.,pri'va•tise".
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.