divestiture(redirected from Bell System)
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di·ves·ti·ture(dĭ-vĕs′tĭ-chər, -cho͝or′, dī-)
1. An act of divesting.
2. The sale, liquidation, or spinoff of a corporate division or subsidiary.
[From Medieval Latin dīvestītus, past participle of dīvestīre, to undress, variant of disvestīre : Latin dis-, dis- + Latin vestīre, to dress; see vestment.]
di•vest•i•ture(dɪˈvɛs tɪ tʃər, -ˌtʃʊər, daɪ-)
1. the act of divesting.
2. the state of being divested.
3. something, as property or investments, that has been divested.
4. the sale of business holdings by government order.
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|Noun||1.||divestiture - 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"|
court order - a writ issued by a court of law requiring a person to do something or to refrain from doing something
|2.||divestiture - the sale by a company of a product line or a subsidiary or a division|
sale - a particular instance of selling; "he has just made his first sale"; "they had to complete the sale before the banks closed"