Is “Divestment” a Scrabble word?

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Yes
DIVESTMENT
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Invalid

Meaning of Divestment

/daɪˈvɛstmənt/

noun
  1. 1.The sale or other disposal of some kind of asset.

    The fossil fuel divestment movement is calling on institutions to divest from the companies causing climate change.

Synonyms: divestiture