The Presbyterians decided to divest in 2004, and the reaction from establishment Jewish organizations was swift.
Mitt Romney has tried politically to divest himself of the health-care reform bill he signed into law as Massachusetts governor.
And a movement to boycott, divest from and sanction Israel is gaining force around the world.
1560s, devest (modern spelling is c.1600), from Middle French devester "strip of possessions," from Old French desvestir, from des- "away" (see dis-) + vestir "to clothe" (see vest (v.)).
The figurative sense of "strip of possessions" is earliest in English; reflexive sense of "to strip oneself of" is from c.1600. Economic sense (implied in divestment) is from 1955. Related: Divested; divesting.