Meaning of the word divestment in English

What does divestment mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

divestment

US /dɪˈvest.mənt/
UK /dɪˈvest.mənt/
"divestment" picture

Noun

the action or process of selling off subsidiary business interests or investments

Example:
The university faced pressure to begin divestment from fossil fuel companies.
The company's divestment of its non-core assets helped reduce its debt.