decontrol

1. (transitive) To remove controls.Examples: "When President Reagan decontrolled crude oil, gasoline, and home-heating oil, he did so without formal counsel from Congress and the public."; "Even the normal income tax on decontrolled higher-priced, gas could run into the tens of billions of dollars."; "Under the plan Mr. Bruno has outlined, any unit that became vacant after June 15, 1997, would be completely decontrolled, permitting landlords to charge whatever the market would allow. He would also expand the policy of decontrolling higher-priced apartments to include more units."transitive