Is “Privatize” a Scrabble word?

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Yes
PRIVATIZE
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Privatize

/ˈpɹaɪvətaɪz/

verb
  1. 1.To release government control of (a business or industry) to private industry.

  2. 2.To make (a variable, etc.) private in scope.

Synonyms: denationalize