Divestiture

[dai'vestitʃә]

Definition

(noun.) the sale by a company of a product line or a subsidiary or a division.

(noun.) 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'.

Typist: Sam--From WordNet

Definition

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

Checked by Gerald