Is “Privatizing” a Scrabble word?

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Yes
PRIVATIZING
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 Privatizing

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

noun
  1. 1.Privatization