Word forms: 3rd person singular presenttense nationalizes, present participle nationalizing, past tense, past participle nationalizedregional note: in BRIT, also use nationalise
verb
If a government nationalizes a private company or industry, that company or industry becomes owned by the state and controlled by the government.
[business]
He introduced legislation to nationalize the country's banking and financial systems. [VERB noun]
The coffee industry was nationalised at the time of independence. [VERB noun]