privatizationglossary / PRIVATIZATION privatization (prI-v[schwa]-t[schwa]-zay-sh[schwa]n), n. The act or process of converting a business or industry from governmental ownership or control to private enterprise. — privatize, vb. 词条贡献者 法律翻译亚明,毕业于欧洲顶尖的高级翻译学院,专注翻译各类与汽车与运输有关的法律文件。