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LSDefine
Simple English definitions for legal terms
nationalize
Read a random definition: transactional takeover defense
A quick definition of nationalize:
Term: NATIONALIZE
Definition: When a government takes control of an industry or company, it is called nationalization. This means that the government becomes the owner and makes all the important decisions. Nationalization can also refer to the process of becoming a citizen of a country, which is called naturalization.
A more thorough explanation:
Definition: To bring an industry under governmental control or ownership. It can also mean to give a person the status of a citizen, which is called naturalization.
1. The government decided to nationalize the oil industry, which meant that they took control of it and made it a part of the government.
2. After living in the United States for five years, Maria applied to be naturalized and become a citizen.
The first example shows how the government can take control of an industry and make it a part of the government. This can happen for many reasons, such as to make sure that the industry is run in a way that benefits the country as a whole. The second example shows how a person can become a citizen of a country by going through a process called naturalization. This involves meeting certain requirements, such as living in the country for a certain amount of time and passing a test on the country's history and government.