What does privateer mean?

Looking for the meaning or definition of the word privateer? Here's what it means.

Noun (now historical) A privately owned warship that had official sanction to attack enemy ships and take possession of their cargo. [from 17th c.] (now historical) An officer or any other member of the crew of such a ship. [from 17th c.] An advocate or beneficiary of privatization of a government service or activity. (Canada) A private individual entrant into a race or competition who does not have the backing of a large, professional team. [from 20th c.] Verb To function under official sanction permitting attacks on enemy shipping and seizing ship and cargo; to engage in government-sponsored piracy. [from 17th c.] To advocate or benefit from privatization of government services. Find more words! 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