Define: Privatisation

UK Accounting Glossary

Definition: Privatisation

Quick Summary of Privatisation

The process of releasing a government-owned and operated business to the private sector.

What is the dictionary definition of Privatisation?

Dictionary Definition

Changing something from state to private ownership or control.


Examples of Privatisation in a sentence

China’s move towards more privatisation has encouraged international investment in Chinese industry.
Local governments often privatise their utility services to take advantage of cost savings by using a larger regional provider.

Synonyms For Privatisation


Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Privatisation. Payroll & Accounting Heaven Ltd. April 04, 2020
Chicago Manual of Style (CMS):
Privatisation. Payroll & Accounting Heaven Ltd. (accessed: April 04, 2020).
American Psychological Association (APA):
Privatisation. Retrieved April 04, 2020, from website:

Definition Sources

Definitions for Privatisation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February 2020.