DIVEST - Tax Ninja' Word of the Week

• verb (used with object)

to strip of clothing, ornament, etc.:The wind divested the trees of their leaves.

to strip or deprive (someone or something), especially of property or rights; dispossess.

to rid of or free from:He divested himself of all responsibility for the decision.

• Law. to take away or alienate (property, rights, etc.).
• Commerce.

to sell off:to divest holdings.

to rid of through sale:The corporation divested itself of its subsidiaries.

• Financially : Selling off, usually in relation to the parts of a company that are not performing well or no longer fit in with the company’s wider plans.

Divestment is the process of selling subsidiary assets, investments, or divisions of a company in order to maximize the value of the parent company.

  Report