When an organization or person diversifies into other things, or diversifies their range of something, they increase the variety of things that they do or make. The company's troubles started only when it diversified into new products Manufacturers have been encouraged to diversify These firms have been given a tough lesson in the need to diversify their markets. = branch out + diversification diversifications di·ver·si·fi·ca·tion The seminar was to discuss diversification of agriculture
vary in order to spread risk or to expand; "The company diversified" spread into new habitats and produce variety or variegate; "The plants on this island diversified" make (more) diverse; "diversify a course of study
to spread out the money you invest into different types of investments: bonds, stocks, CDs, mutual funds, etc The idea is to avoid putting all your eggs in one basket Different kinds of investments do well in different kinds of economic climates Therefore, if one of your investments drops in value, the other kinds of investments should hold or increase their value