1. the act of removing or stripping away clothing, especially in a gradual or deliberate manner
Usage: present participle of devest; less common than 'undressing' or 'disrobing'
2. the act of divesting or removing something (such as power, authority, or property) from a person or organization
Usage: formal or legal usage; often used in business or political contexts

Examples

• The actor was devesting himself of his costume after the performance.
• The company is devesting its international operations to focus on domestic markets.
• She began devesting her winter clothes as spring arrived.
• The government is devesting the agency of its regulatory powers.
• He stood devesting slowly, preparing for the medical examination.
• The corporation announced plans for devesting from fossil fuel investments.