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The Collaborative International Dictionary
Divestiture

Divestiture \Di*vest"i*ture\ (?; 135), n. The act of stripping, or depriving; the state of being divested; the deprivation, or surrender, of possession of property, rights, etc.

Douglas Harper's Etymology Dictionary
divestiture

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

Wiktionary
divestiture

n. 1 the act of divesting, or something divested 2 the sale or liquidation of a subsidiary company, especially if forced by some governing authority

WordNet
divestiture
  1. n. an order to an offending party to rid itself of property; it has the purpose of depriving the defendant of the gains of wrongful behavior; "the court found divestiture to be necessary in preventing a monopoly"

  2. the sale by a company of a product line or a subsidiary or a division

Usage examples of "divestiture".

There are few incentives for a Service or the Joint Staff to reward innovation or divestiture of roles or missions in order to change the character and mix of land, sea, air, and space forces and to prepare them to fight the battles we must envisage for the twenty-first century.

So he concentrated instead on the more enjoyable activities which had led up to this prolonged session of discomfort: the procession through the town, the entrance into the castle, the swearing of the nobles, even the formal divestiture of garments which had taken place outside the hall, the clothing heaped into two piles between which the wedding procession had passed.

In a world gingerly experimenting with major divestitures of nuclear weapons and their delivery systems, the Message was taken by whole populations as a reason for hope.

The seventies may witness an equally powerful wave of divestitures and, later, reacquisitions, as companies attempt to consolidate and digest their new subsidiaries, then trade off troublesome components.