13 letters · 27 points in Scrabble
noun changing something from state to private ownership or control
originCalque of German Privatisierung (with English -ation), derived from Latin prīvātus (“apart from the state; private”), with reference to post-First World War German economic principles. Popularized by Sidney Merlin in 1943, who was aware of the term reprivatization (used in similar contexts), already attested at the time.
Etymology from Wiktionary, CC BY-SA 3.0