diversification

Pronunciation: /daɪˌvɜːsɪfɪˈkeɪʃən/

The English word “diversification” has 3 meanings listed here.

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.

Etymology

From Medieval Latin diversificatiō, from diversificātus, past participle of diversificō (“diversify”), from Latin diversus (“turned in different ways”) + faciō (“make, do”). By surface analysis, diverse + -ification.

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Definitions are from Wiktionary, extracted by Kaikki.org, and are available under the CC BY-SA 4.0 licence.