Entry 1 sense Webster, 1913 Liberalization /(-al*ĭ*zā"shŭn)/ · Lib·er·al·i·za·tion · IPA /lˌɪbˌɜrəlɪzˈeɪʃən/ 01 n. The act of liberalizing; the act of making less strict. 1. The act of liberalizing; the act of making less strict. Syn. liberalization, relaxation.