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What does divestment mean?

Looking for the meaning or definition of the word divestment? Here's what it means.

Noun
  1. (finance) The sale or other disposal of some kind of asset.
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The artist prepares for her ordeal by systematically shaving off all the hair from her head and body, in a gesture of total divestment.
The positive reaction associated with spin-offs and divestment can be viewed as evidence that the market rewards transparency.
Reymond said that the agency would still pin its hopes primarily on proceeds from banks' divestment programs to meet the target.
It is this core business focus that prompted the divestment of a very profitable but peripheral business.
Funds fret that lawmakers are dictating divestment without specifying which companies they should sell.
Elsewhere, student and faculty petitions calling for divestment are perhaps one of the most visible signs of activism.

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