Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. An act of divesting.
  • n. The sale, liquidation, or spinoff of a corporate division or subsidiary.

from Wiktionary, Creative Commons Attribution/Share-Alike License

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

from the GNU version of the Collaborative International Dictionary of English

  • n. The act of stripping, or depriving; the state of being divested; the deprivation, or surrender, of possession of property, rights, etc.

from The Century Dictionary and Cyclopedia

  • n. The act of stripping, putting off, or depriving.
  • n. In law, the act of surrendering one's effects or any part thereof: opposed to investiture.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

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

Etymologies

From Medieval Latin dīvestītus, past participle of dīvestīre, to undress, variant of disvestīre : Latin dis-, dis- + Latin vestīre, to dress; see vestment.
(American Heritage® Dictionary of the English Language, Fourth Edition)

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