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divestment

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 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.
Translations
divestment [daɪˈvestmənt] N (US) (Fin) → desinversión f


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Temasek announced in early October that it had begun divestment of wholly-owned PowerSeraya but last week said it had decided not to proceed further, "in light of the market conditions".
By Daniel Van Oudenaren October 20, 2008 (WASHINGTON) -- Two retirement fund systems in New Hampshire are asking a court to rule on whether the systems can comply with Sudan divestment legislation without violating the state constitution.
But the firm said today: "In light of the current funding environment for potential buyers, Experian has concluded that at this time divestment is not in the best interests of shareholders.
 
 
 
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