divestiture

or di·vest·ment

[ dih-ves-ti-cher, -choo r or dih-vest-muh nt; dahy- ]
/ dɪˈvɛs tɪ tʃər, -ˌtʃʊər or dɪˈvɛst mənt; daɪ- /

noun

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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Words nearby divestiture

Origin of divestiture

First recorded in 1595–1605; di-2 + (in)vestiture
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Example sentences from the Web for divestment

Cultural definitions for divestment

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.

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.