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pri·va·tize prahy-vuh-tahyz Show IPA verb (used with object), pri·va·tized, pri·va·tiz·ing. 1. Formal [Definition]: 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 or make your own; to delimit or [appropriate]: That guy just privatized that toilet paper. 3. Can also be used with sexual connotation (use at your discretion)
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