divestiture Meaning, Definition & Usage

  1. 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
  2. noun the sale by a company of a product line or a subsidiary or a division

WordNet


Di*vest"i*ture noun
Definitions
  1. The act of stripping, or depriving; the state of being divested; the deprivation, or surrender, of possession of property, rights, etc.

Webster 1913