Divestiture - definition, pronunciation, transcription
Amer.
|dɪˈvestɪtʃər|
Brit.
|daɪˈvestɪtʃə|
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
- the sale by a company of a product line or a subsidiary or a divisionExtra examples
Divestitures are used to break up monopolies.
Before divestiture, the telephone company monopolized the state.
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