- diversify
- diversify di‧ver‧si‧fy [daɪˈvɜːsfaɪ ǁ dˈvɜːr-, daɪ-] verb diversified PTandPP [intransitive]1. COMMERCE if a company or economy diversifies, it increases the range of goods or services it produces:diversify into
• Singapore has diversified into a wider range of industries.
diversify from• The UK Department of Energy is urging farmers to diversify from traditional crops and consider using land to grow wood for fuel.
2. to start to put your money into different types of investments in addition to the investments you already have:• Depositors in the eurocurrency markets sought to diversify into dollar bonds.
— diversification noun [countable, uncountable] :• The company intends school software to be a major new area of diversification for their business.
• a policy of gradual economic diversification away from fishing
• Financial deregulation in Japan has led to increasing international diversification of investment portfolios.
• the record company's diversifications into sports clothing and perfumes
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diversify UK US /daɪˈvɜːsɪfaɪ/ verb [I or T]► COMMERCE to start to produce a range of different types of products or services, in order to succeed in more markets or protect yourself against risk: »Farmers are increasingly diversifying into other activities to supplement their incomes.
»Using its powerful brand name, the company has successfully diversified and entered new markets.
»It would be a good idea to diversify the local economy away from its present over-dependence on oil.
► FINANCE to put money into a range of different types of investments in order to reduce risk: »He said he bought the shares in 2003 in order to diversify his portfolio.
»You could consider diversifying into a unit trust to spread the risk.
diversification /dɪˌvɜːsɪfɪˈkeɪʃən/ US /dɪˌvɝː-/ noun [U or C]► COMMERCE, FINANCE »The launch of new products and diversification into new business areas continue to boost sales.
»Successful farm diversifications are launched by highly motivated people.
Financial and business terms. 2012.