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Noun: divestiture  dI'ves-ti-chu(r) or di'ves-ti-chu(r)
  1. (law) an order to an offending party to rid itself of property; it has the purpose of depriving the defendant of the gains of wrongful behaviour
    "the court found divestiture to be necessary in preventing a monopoly"
     
  2. The sale by a company of a product line or a subsidiary or a division
     
  3. The sale or other disposal of some kind of asset
    - divestment, divesture

Derived forms: divestitures

Type of: court order, sale

Encyclopedia: Divestiture

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