ATTRITION Definition

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ATTRITION a reduction in numbers usually as a result of resignation, retirement, or death.

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DIVESTITURE is the sale by a company of a product line, a subsidiary or a division.

DEMUTUALIZATION refers to the de-mutualizing of an insurance company. The proceeds from such an event are normally distributed to the policyholders in the form of cash, shares, or a combination thereof in the surviving entity.

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