nationalization

n. naturalization; formation of country; making national (also nationalisation)

Nationalization, also spelled nationalisation, is the act by which a nation takes possession of assets without requiring the owner's consent, with or without payment of compensation. Nationalization without compensation is a case of expropriation. Nationalization is distinguished from property redistribution in that the government retains control of nationalized property. Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities. The opposite of nationalization is usually privatization or de-nationalisation, but may also be municipalization. A renationalization occurs when state-owned assets are privatized and later nationalized again, often when a different political party or faction is in power.
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Noun
1. the action of forming or becoming a nation
(synonym) nationalisation
(hypernym) group action
2. the action of rendering national in character
(synonym) nationalisation
(hypernym) change
(derivation) nationalize, nationalise
3. changing something from private to state ownership or control
(synonym) nationalisation, communization, communisation
(antonym) denationalization, denationalisation
(hypernym) social control
(derivation) nationalize, nationalise

(n.)
The act of nationalizing, or the state of being nationalized.
  

A government takeover of a private company.