privatization
nounStress: fifth syllable
Syllables: pri-va-ti-za-tion (5)
English Definition
The transfer of a business, industry, or service from public to private ownership.
Example Sentence
The government is planning the privatization of the railways.
US IPA
/ˌpraɪvətəˈzeɪʃn/
UK IPA
/ˌpraɪvətaɪˈzeɪʃn/