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 资深译员David,毕业于亚洲顶尖的高级翻译学院,擅长翻译有关汽车业的法律文件。