1. To deprive someone of status or authority: "Robin was divested of his rights and his title as head of the company."
2. To strip off clothes: "Simon divested himself of his street clothes before going swimming in the ocean."
3. To dispose of or to sell an investment, a subsidiary company, or stocks: "In order to raise some money quickly, Gwen divested herself of some of her shares in the corporation."

"When anyone divests anything, it means that he or she is getting rid of it."