- When you are only interested in watching soccer but then you decide to watch baseball and football too, this is an example of a time when you diversify your interests.
- When you invest in stocks, bonds and mutual funds and spread your money across all these different kinds of investments, this is an example of a time when you diversify your portfolio.
- When your company only made orange juice and you expand into making soap, this is an example of a time when you diversify your product offerings.
To diversify is defined as to divide up and add variety.
- to make diverse; give variety to; vary
- to divide up (investments, liabilities, etc.) among different companies, securities, etc.
- to expand (a business, line of products, etc.) by increasing the variety of things produced or of operations undertaken
Origin of diversifyMiddle English diversifien ; from Old French diversifier ; from Medieval Latin diversificare, to make different ; from Classical Latin diversus (see diverse) + facere, do
to undertake expansion of a line of products or otherwise multiply business operations
verbdi·ver·si·fied, di·ver·si·fy·ing, di·ver·si·fies
- a. To give variety to; vary: diversify a menu.b. To extend (business activities) into disparate fields.
- To distribute (investments) among different companies or securities in order to limit losses in the event of a fall in a particular market or industry.
To spread out activities or investments, especially in business.
Origin of diversifyMiddle English diversifien, from Old French diversifier, from Medieval Latin d&imacron;versificare : Latin d&imacron;versus; see diverse + Latin -ficare, -fy.
(third-person singular simple present diversifies, present participle diversifying, simple past and past participle diversified)
From Old French diversifier