nationalize
nationalize
Definition
na·tion·al·ize (nas̸h′ə nə līz′)
transitive verb -·ized′, -·iz′·ing
- to make national in character
- to transfer ownership or control of (land, resources, industries, etc.) to the national government
na′·tion·ali·za′·tion noun
na′·tion·al·iz′er noun
nationalize
Telecom Definition
To transfer ownership of a commercial enterprise from private interests to the government. Also known as legalized theft of private property. See also privatize.
nationalize
Usage Examples
Object
- industry: Only in this way will nationalized industry learn to function properly.
- bank: For decades no use has been made for these facilities for which your party so prominently helped nationalize the central bank.
- company: He and President Ahmad Hassan Al Baker nationalized the oil companies and Iraq was able to produce it and market it.
- mine: Smillie was furious when Lloyd George refused to nationalize the mines and allowed them to go back into private ownership.
- land: This, it will be argued, provides the vital background to understanding the decision of the Attlee governments not to nationalize the land.
- care: Nationalized health care in a flood from quot captives.
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