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Diversified means spread out among various separate areas, categories, or fields. Diversified investments are those that include the various instruments such as stocks, bonds, mutual funds, and commodities. Someone with diversified interests might enjoy, for example, both football and ballet, or chess and carpentry. Diversified means spread out among various separate areas, categories, or fields.
Diversification means branching out into new business opportunities, not just expanding your existing business. For example, if you have a dine-in restaurant in one town, opening a second restaurant in the next town is expansion, not diversification. Adding corporate catering is an example of diversification.