privatization; privatization The transfer to private ownership and control of assets or enterprises which were previously under public ownership(Transfert au secteur privé de la propriété et de la gestion des actifs ou des entreprises relevant jusqu'alors du secteur public)
privatisation The transfer of ownership or control of a government enterprise or other governmental property to a non-public, non-official company, organization or individual, either through sale or through the establishment of a special enterprise outside direct government control
