privatize /ˈpɹaɪvətaɪz/ verb3 •To release government control (of a business or industry) to private industry. •To render (a variable, etc.) private in scope.If the compiler allocates a privatized variable to a register, it must examine whether the variable is live after the termination of the while-loop. — 1997 •To render a thought or an idea, private in scope.The neoliberal, privatizing version of health in which everyone is responsible for themselves, despite disparities in resources. — 2018 formsprivatized · privatizing · privatizes