Definition of "Divestiture"

Jim Plotkin real estate agent
Jim Plotkin, Real Estate Agent Century 21 Wieder Realty

(1) Surrendering voluntarily or involuntarily ownership of property or an interest therein. (2) Court order to give up possession or the right to property such as in the case of an antitrust action to eliminate a monopolistic advantage of a real estate company in a particular area.


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