privatization

privatization definition - finance
The process of converting a government-operated business to one that is privately owned. Privatization occurs by selling shares in the government-owned business to private shareholders such as individuals and institutional investors. During the 1980s and 1990s, governments throughout the world raised billions of dollars by privatizing companies.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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