Definition of the word diversify

The word "diversify" has its roots in the Latin words "diversus," meaning "various" or "different," and "ifica," meaning "to make." In English, the word "diversify" was first used in the 15th century to mean "to make diverse or various." Initially, it was used in a literal sense, such as "to make something diverse by adding various things to it." Over time, the meaning of the word expanded to include the sense of expanding or increasing something to reduce risk or dependence on a single thing. This sense of the word is commonly used in business and finance, where it means to spread investments or assets across different types or classes to reduce risk.