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di·ves·ti·ture /dī-'ves-ti-ˌchu̇r, də-, -chər/ n1: the sale or transfer of title to a property (as an operating division) under court order (as in bankruptcy)2: the sale of an asset (as a business division) that is unprofitable, does not enhance a corporate restructuring, or is felt to be morally reprehensible
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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abridgment (disentitlement), garnishment
Burton's Legal Thesaurus. William C. Burton. 2006
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n.In antitrust law, a remedy in which the court orders a defendant to sell off assets and property.v.divest
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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The disposition or sale of an asset by a company or government entity. It may be voluntary or ordered by a court.Category: Business, LLCs & CorporationsCategory: Personal Finance & RetirementCategory: Small Claims Court & Lawsuits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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n.the court-ordered or voluntary giving up of a possession or right, which is a common result in an antitrust action to prevent monopoly or other restraint of trade.
Law dictionary. EdwART. 2013.