What is the term for an act of divesting, specifically referring to the sale of an asset?

The term that specifically refers to the sale of an asset is "divestiture." This term is used in financial and corporate contexts to describe the action of a company or individual selling off a business unit, subsidiary, or any other asset. Divestiture often occurs as part of a strategic plan, where an entity aims to streamline operations, focus on core activities, or recover capital.

In the context of corporate finance, divestitures can be crucial for companies looking to enhance shareholder value or to comply with regulatory requirements. This process may involve various maneuvers, including outright sales, spin-offs, or other types of transactions aimed at separating a portion of the business from its parent company.

While "divestment" is a related term that also refers to the act of selling assets, it can have a broader application that does not necessarily specify the sale aspect exclusively. "Disposal" is more generic and can refer to getting rid of an asset in various ways, not limited to a sale. "Dissolution" pertains to the termination or closure of a business entity rather than the sale of individual assets. Therefore, "divestiture" is the most precise term that directly corresponds to the sale of an asset.