Definitions from Wiktionary (privateer)

▸ noun:  (historical) A privately owned warship that acted under a letter of marque to attack enemy merchant ships and take possession of their cargo.
▸ noun:  (historical) An officer or any other member of the crew of such a ship; a government-sanctioned pirate.
▸ noun:  An advocate or beneficiary of privatization of a government service or activity.
▸ noun:  (motor racing, chiefly Canada, US) A private individual entrant into a race or competition who does not have the backing of a large, professional team.
▸ noun:  (motor racing, elite championships) A racing team that is not a subsidiary of a large conglomerate, or automotive or vehicle manufacturer.
▸ verb:  To function under official sanction permitting attacks on enemy shipping and seizing ship and cargo; to engage in government-sponsored piracy.
▸ verb:  To advocate or benefit from privatization of government services.
▸ Also see privateer

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