Divestiture

2 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Divestiture \Di*vest"i*ture\ (?; 135), n.
     The act of stripping, or depriving; the state of being
     divested; the deprivation, or surrender, of possession of
     property, rights, etc.
     [1913 Webster]



From WordNet (r) 2.0 [wn]:

  divestiture
       n 1: 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"
       2: the sale by a company of a product line or a subsidiary or a
          division