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denationalize

de·na·tion·al·ize

denationalize

 
pronunciation:
di nae sh n laIz
part of speech: transitive verb
inflections: denationalized, denationalizes, denationalizing
definition 1: to remove (an industry or the like) from government control and place in the hands of private owners.
definition 2: to deprive of the status of sovereign nation.
With its occupation, China effectively denationalized Tibet.
derivation: denationalization (n.)