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divestiture

[dih-ves-ti-cher, -choo r, dahy-] /dɪˈvɛs tɪ tʃər, -ˌtʃʊər, daɪ-/
noun
1.
the act of divesting.
2.
the state of being divested.
3.
something, as property or investments, that has been divested:
to reexamine the company's acquisitions and divestitures.
4.
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.
Also, divestment.
Origin
1595-1605
1595-1605; di-2 + (in)vestiture
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for divesture
  • We therefore stand ready to appoint a trustee when the divesture period ends.
  • With divesture looming, the corporation's executives decided to sell this building.
divesture 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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