divest

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Divest

To deprive or take away.

Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. Similarly, an individual may be divested of his or her citizenship for Treason.

Divest is also spelled devest.

divest

to take away an estate or interest in property vested in a person. See VESTING.
References in periodicals archive ?
Noor Financial has since then divested (26,447,000 @70/- share, 3,026,400 @ 70/- share and 36,164,255 @ 72.30 per share) a total of 65,637,255 shares in Meezan Bank with a total amount of Rs4.677 billion.
In full and final settlement of NeuroSearch's remaining rights in the divested programmes, NeuroSearch will receive from Saniona a one-time cash payment of DKK5.5m.
"That said, the hurdles to the completion of the deal are large, as it appears finding a viable buyer for the necessary divested stores likely remains a challenge."
In the past, one carrier bought divested operations from two combining insurers to resolve antitrust concerns.
The WGC believed it was the first time Russia divested its gold holdings.
(2003) assert that differential relative size of divested assets is the cause of inconsistent shareholder wealth effect in empirical literature.
Net in come in the quarter included $44 million of aftertax charges ($0.09 per diluted share) resulting from the previously disclosed implementation of various business realignment and other cost-saving initiatives, the sale of land in Mexico and a previously disclosed competition law mater in France related to a divested defer gent business.
The text also says that enemy property could be divested only to the owners or their lawful heir.
If the enemy property was divested from the Custodian before July 2, 2010, it shall stand transferred to and vest or continue to vest in the Custodian.
NEW YORK, August 24, 2010 (WAFA)- In a major victory for the international movement for Boycott, Divestment and Sanctions (BDS) against Israel, the Norwegian government announced yesterday that it has divested from Lev Leviev's company Africa Israel Investments and its construction subsidiary Danya Cebus due to their construction of Israeli settlements in the Occupied Palestinian Territories.
Moreover, they set out remedies to ensure access to raw milk for the fresh dairy and cheese businesses to be divested by the parties as well as for their competitors in the fresh dairy and cheese markets in the Netherlands.
"We hope to have restructured and divested Air Jamaica, such that it is no longer a strain on the budget by the latest March 2009."