Noun: divestiture dI'ves-ti-chu(r) or di'ves-ti-chu(r)
- (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"
- The sale by a company of a product line or a subsidiary or a division
"The conglomerate's divestiture of its non-core businesses improved its financial performance"
- The sale or other disposal of some kind of asset
"The company announced the divestiture of its underperforming subsidiaries";
- divestment, divesture
Derived forms: divestitures
Type of: court order, sale
Encyclopedia: Divestiture