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or divestment

[dih-ves-ti-cher, -choo r, dahy-] /dɪˈvɛs tɪ tʃər, -ˌtʃʊər, daɪ-/
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, divesture
[dih-ves-cher, -choo r, dahy-] /dɪˈvɛs tʃər, -tʃʊər, daɪ-/ (Show IPA)
. the sale of business holdings or part of a company, especially under legal compulsion.
Origin of divestiture
1595-1605; di-2 + (in)vestiture Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the Web for divestiture
Historical Examples
  • This divestiture of sensation proceeds to such an extent that there is nothing left beyond what M. Villey calls the pure form.

  • He is more puzzled over this problem of divestiture than any other, and finds the solution of it only in "sexual selection."

    Life: Its True Genesis R. W. Wright
Word Origin and History for divestiture

c.1600, from divest on analogy of investiture. Economics sense is from 1961.

Online Etymology Dictionary, © 2010 Douglas Harper
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divestiture in Culture
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 American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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