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What does privatized mean?

Looking for the meaning or definition of the word privatized? Here's what it means.

Verb
  1. simple past tense and past participle of privatize
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Examples
The government already has privatized pensions, telephone service, and electricity.
In addition, the state remained the majority shareholder in most privatized companies.
Al Qaeda tried to infiltrate one privatized military field kitchen, in Afghanistan.
In any case, privatized utilities need strong public regulation, which is difficult and expensive to do well.
These poorer countries had no choice but to accept privatized municipal services as a way of ensuring they'd pay back their loans.
After the fall of the socialist government, many inefficient industries were privatized.

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