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Divestment

   Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
di·vest  (d-vst, d-)
tr.v. di·vest·ed, di·vest·ing, di·vests
1. To strip, as of clothes.
2.
a. To deprive, as of rights or property; dispossess.
b. To free of; rid: "Most secretive of men, let him at last divest himself of secrets, both his and ours" (Brendan Gill).
3. To sell off or otherwise dispose of (a subsidiary company or an investment).
4. Law To devest.

[Alteration (influenced by Medieval Latin dvestre, to undress) of devest.]

di·vestment n.


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Lists of companies that do business with the Sudan is available from the Sudan Divestment Task Force at www.
Lanxess, Pittsburgh, PA, announced a divestment of its North American Textile Processing Chemicals (TPC) business unit.
Representatives from Jewish World Watch and the student-led Sudan Divestment Task Force met last week in an effort to convince the Lacers corporate governance committee to divest itself from companies with ties to Sudan.
 
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