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Nationalization
(redirected from nationalizing)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Nationalization
A government takeover of a private company.

Nationalization
The taking of a private business or industry by a government. Compensation to shareholders, bondholders, and/or other stakeholders may be made in a nationalization, but the word connotes forcible seizure. Developing countries and socialist governments nationalize companies and assets more often than developed countries, but even the United States took majority ownership of several major private companies in 2008 and 2009. Nationalization is very controversial. See also: Too-big-to-fail.

nationalization
A government takeover of private property or operations. The government may or may not compensate the property owners. Multinational companies with operations in developing countries have frequently seen their assets nationalized.


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TALK HAS SPRUNG UP ABOUT nationalizing the large banks that appear to be a major factor in a recession that President Barack Obama says is "worsening day by day.
The downturn in revenue is straining producer nation budgets, forcing some to cut spending and, in the case of Libya, helped lead to talk of nationalizing the oil sector.
Argentina's lower house early Friday approved a law nationalizing private pension funds, allowing government to take over some 26 billion dollars in retiree fund assets.
 
 
 
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