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Divestiture   /dɪvˈɛstɪtʃər/  /daɪvˈɛstɪtʃər/   Listen
Divestiture

noun
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.
2.
The sale by a company of a product line or a subsidiary or a division.






WordNet 3.0 © 2010 Princeton University








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"Divestiture" Quotes from Famous Books



... have been or may be granted by Congress to the State," and thus of necessity recognizes its right to take such grants. This competency in the State as a grantee was all that was needed to create, under the joint resolution of 1861 and the act of 1862, a complete divestiture of the interests of the United States in these lands. It must be borne in mind, too, that prior to this time these lands had been conveyed by the State of Iowa in furtherance of the purposes of the original Congressional grants, ...
— A Compilation of the Messages and Papers of the Presidents - Section 3 (of 3) of Volume 8: Grover Cleveland, First Term. • Grover Cleveland



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