Definition of privateerism in English:

privateerism

noun

rare
  • The occupation or practice of a privateer. In quot. 1867 (Nautical slang): behaviour breaching the rules of conduct on a man-of-war.

Origin

Mid 19th century; earliest use found in Littell's Living Age. From privateer + -ism.

Pronunciation

privateerism

/ˌprʌɪvɪˈtɪərɪz(ə)m/