nationalize

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na|tion|al|ize /n'æʃənəlaɪz/ (nationalizes nationalizing nationalized)
in BRIT, also use nationalise
[VERB] V n
If a government nationalizes a private company or industry, that company or industry becomes owned by the state and controlled by the government. (BUSINESS)
In 1987, Garcia introduced legislation to nationalize Peru's banking and financial systems...
≠ privatize
● nationalization [N-UNCOUNT] also N in pl
...the campaign for the nationalization of the coal mines...
The steel workers were relatively indifferent to the issue of nationalization.
≠ privatization

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