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What does privatized mean?

Looking for the meaning or definition of the word privatized? Here's what it means.

Verb
  1. simple past tense and past participle of privatize
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Examples
They differ mostly in the speed and aggressiveness with which government is privatized for corporate benefit.
Australian libertarianism found its feet during those many long hours of arguing whether the tote should be privatized.
In any case, privatized utilities need strong public regulation, which is difficult and expensive to do well.
In addition, the state remained the majority shareholder in most privatized companies.
After the fall of the socialist government, many inefficient industries were privatized.
As even public universities become more privatized, the scramble for external funding wedges the two castes further apart.

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