Meaning of the word centralize in English

What does centralize mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

centralize

US /ˈsen.trə.laɪz/
UK /ˈsen.trə.laɪz/

Verb

1.

to remove authority in a system, company, country, etc. from local places to one central place so that the whole system, etc. is under central control:

Example:
Payment of bills is now centralized (= organized at one place instead of several).
Learn This Word at Lingoland