diversification

Meaning

Noun

• The act, or the result, of diversifying.
• A corporate strategy in which a company acquires or establishes a business other than that of its current product.
• An investment strategy involving investing in a range of assets with differing features in order to reduce specific risk.

Origin

• From Medieval Latin diversificatiō, from diversificātus, past participle of diversificō, from Latin diversus + faciō. Synchronically analyzable as diverse + -ification.