disvestiture

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Term: disvestiture

Definition:

Disvestiture is the act of divesting or stripping someone or something of possessions, rights, or authority.

Senses/Usages:

Sense 1 (Noun):

The act of divesting or being divested of possessions or authority.

Example sentence: The disvestiture of the company's non-performing assets led to significant financial improvement.

Sense 2 (Verb):

To strip someone of their possessions, rights, or authority.

Example sentence: The court ordered the disvestiture of the corrupt politician's ill-gotten wealth.

Sense 3 (Noun - Local):

A traditional ceremony in a specific locality where individuals transfer or dispose of their ancestral belongings.

Example sentence: The disvestiture ceremony in the village symbolizes the passing of responsibilities from one generation to the next.