To deprive (someone or something) of power, rights, possessions, or a particular quality. Revolutionaries sought to divest the monarchy of its authority.
To sell off or dispose of a business interest or investment. The company plans to divest its non-core assets to focus on its main business.
To rid oneself of something that one no longer wants or requires. She decided to divest herself of old clothes by donating them to charity.
To remove clothing or coverings from (oneself or another); strip. He divested himself of his wet jacket and hung it by the fire.