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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.
Switch to new thesaurus
|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"