> Given how the term is conventionally used, 'privatize' implies that for-profit enterprise has taken over, and even pedantically Granted this would be an unco

> Given how the term is conventionally used, 'privatize' implies that for-profit enterprise has taken over, and even pedantically Granted this would be an uncommon use of the verbiage given the situation, that does not mean it is incorrect usage. You are correct that typically privatization occurs when a government service is executed by or government infrastructure is transferred to a private for-profit corporation, it is not necessarily the case that it has to be a for-profit corporation for privatization to occur. Non-profits can still be and are privately owned, what’s different about them is the accounting rules they are subject to and their status per statute. In exchange for their tax advantaged status, they give up their ability to return a profit to the owners, but it still has owners. Also just a side note, I would be interested to hear if anyone wants to chime in if any of this is fundamentally different under Portuguese law.