Divestment (noun)

1. The act of selling or disposing of an asset or investment.
2. The process of giving up ownership or control of a company, subsidiary, or asset.

Origin:

Derived from the latin word 'divestire' which means to strip off or take away.

Examples:

1. The divestment of the company's non-core assets was necessary for its growth.
2. The divestment of the subsidiary was a difficult but necessary decision for the parent company.
3. The divestment of the stock portfolio was part of the investor's strategy to diversify his investments.
4. The divestment of the land was the first step in the development of the new housing project.
5. The divestment of the oil assets was a response to declining demand for oil.