Pronunciation: (di-vest', dī-), [key]
1. to strip of clothing, ornament, etc.: The wind divested the trees of their leaves.
2. to strip or deprive (someone or something), esp. of property or rights; dispossess.
3. to rid of or free from: He divested himself of all responsibility for the decision.
4. Law.to take away or alienate (property, rights, etc.).
a. to sell off: to divest holdings.
b. to rid of through sale: The corporation divested itself of its subsidiaries.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.