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The Collaborative International Dictionary of English v.0.48:

Modernize \Mod"ern*ize\, v. t. [imp. & p. p. Modernized; p. pr. & vb. n. Modernizing.] [Cf. F. moderniser.] To render modern; to adapt to modern person or things; to cause to conform to recent or present usage or taste. --Percy. [1913 Webster]