divestiture
or di·vest·ment
[dih-ves-ti-cher, -choo r or dih-vest-muh nt; dahy-]
- the act of divesting.
- the state of being divested.
- something, as property or investments, that has been divested: to reexamine the company's acquisitions and divestitures.
- Also di·ves·ture [dih-ves-cher, -choo r, dahy-] /dɪˈvɛs tʃər, -tʃʊər, daɪ-/. the sale of business holdings or part of a company, especially under legal compulsion.
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Origin of divestiture
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for divestment
Contemporary Examples
But when it comes to energy, divestment from coal or fossil fuels is much more symbolic—and not very meaningful.
Divestment may an appealing short-term action for people concerned with the effects of coal and fossil fuels on the environment.
And in the case of South Africa, the divestment effort helped hasten the demise of an evil regime.
Given the BDS (boycott, divestment and sanctions) platform, probably not.
This year has seen some notable victories for the pro-Palestine boycott, divestment, and sanctions (BDS) movement.
Historical Examples
But in a slack and unreflecting fashion the divestment has gone on until the aggregate effect is unmistakable.
Word Origin and History for divestment
divestiture
n.
c.1600, from divest on analogy of investiture. Economics sense is from 1961.
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Online Etymology Dictionary, © 2010 Douglas Harper
divestiture
[(deye-ves-tuh-chuhr, deye-ves-tuh-choor)]
The act of a corporation or conglomerate in getting rid of a subsidiary company or division. In a tactic to pressure South Africa to end apartheid, during the 1980s many Americans and Europeans urged divestiture on corporations doing business in South Africa.
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The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.