Which word describes a process of removing something or parting with it?

The term that best describes the process of removing something or parting with it is "divest." This word specifically refers to the act of selling off or getting rid of assets, property, or interests. It is commonly used in financial and legal contexts when an individual or organization relinquishes ownership or control over certain items.

In this context, "divest" clearly captures the essence of the action of parting with something in a clear and straightforward manner. Other terms, while related to actions involving change or alteration, do not convey the same specific emphasis on removal or relinquishment. For instance, "divulge" pertains to revealing or making something known, while "dissolution" generally refers to the formal closure or ending of an organization or agreement. "Embellish," on the other hand, means to enhance or beautify, which is entirely different from the act of removing or parting with something. Hence, "divest" is the most appropriate choice within the context given.