divesture

Dictionary Definition of Divesture

Noun: The act of divesting or disposing of something, especially a business, investment, or asset.

Business Sense:

In business, divesture refers to the sale or transfer of a company, division, or subsidiary either to focus on core operations, reduce debt, or for strategic reasons.

Example sentence: The divesture of their non-profitable subsidiary allowed the company to invest in new innovative projects.
Investment Sense:

Divesture in the investment context refers to the action of selling off an investment or asset to reallocate funds into different opportunities.

Example sentence: After careful analysis, the investor decided on the divesture of his stocks to diversify his portfolio.
General Sense:

Divesture can also be used in a more general sense to indicate the act of getting rid of something or reducing ownership.

Example sentence: The divesture of unnecessary household items brought a sense of simplicity and organization to her life.