I was on a conference call where they used a word that sounded like "sequesation" I have no idea how to spell it but think it has something to do with down-sizing the company. Do you have any idea what it means or how its spelled?
The word you heard was sequestration, from the verb sequester. These definitions are from the American Heritage Dictionary: sequester: "To cause to withdraw into seclusion. 2. To remove or set apart; segregate. See Synonyms at isolate. 3. Law. a. To take temporary possession of (property) as security against legal claims. b. To requisition and confiscate (enemy property). --intr. Chemistry. To undergo sequestration. [Middle English sequestren, from Old French, from Latin sequestrare, to give up for safekeeping, from Latin sequester, depositary, trustee." sequestration: "The act of sequestering; segregation. 2. Law. a. Seizure of property. b. A writ authorizing seizure of property. 3. Chemistry. The inhibition or prevention of normal ion behavior by combination with added materials, especially the prevention of metallic ion precipitation from solution by formation of a coordination compound with a phosphate."
Copyright 2018, D. W. Cummings. All rights reserved.