
Privatization, also spelled privatisation, may have several meanings. Primarily, it is the process of transferring ownership of a business, enterprise, agency, public service, or public property from the public sector (a government) to the private sector, either to a business that operates for a profit or to a nonprofit organization. It may also m...
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http://en.wikipedia.org/wiki/Privatization

The conversion of a government-owned enterprise to private ownership.
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http://www-personal.umich.edu/~alandear/glossary/p.html

(from the article `Bahamas, The`) ...changes in government policy, since both parties were committed to the free market, foreign investment, and fiscal prudence. In his first policy ... ...improving collections. A modified version of the government`s proposal for rationalizing transfers to state and local governments was adopted. In ......
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http://www.britannica.com/eb/a-z/p/116

The transfer of government-owned or government-run companies to the private sector, usually by selling them.
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http://www.duke.edu/~charvey/Classes/wpg/bfglosp.htm

The act of returning state-owned or state-run companies back to the private sector, usually by selling them.
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http://www.encyclo.co.uk/local/20047

Policy or process of selling or transferring state-owned or public assets and services (notably nationalized industries) to private investors. Privatization of services involves the government...
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http://www.encyclo.co.uk/local/20688

Process of shifting publicly controlled services and/or facilities to the private sector. ... (12 Dec 1998) ...
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http://www.encyclo.co.uk/local/20973

The sale of government-owned assets or activities to the private sector.
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http://www.encyclo.co.uk/local/21177

The transfer of government-owned or government-run companies to the private sector, usually by selli
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http://www.encyclo.co.uk/local/22402

the process whereby public assets, e.g. British Gas, are sold off to private investors; also, the way in which people are turning inwards to their immediate families, or even themselves, with a corresponding reduction in contacts with extended family members, friends or the community.
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http://www.polity.co.uk/cbs3/PDF/Glos.pdf

Policy or process of selling or transferring state-owned or public assets and services (notably nationalized industries) to private investors. Privatization of services involves the government giving contracts to private firms to supply services previously supplied by public authorities. Supporters of privatization argue that the public benefit...
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https://www.encyclo.co.uk/local/21221
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