spin-off

or spin·off

[ spin-awf, -of ]
/ ˈspɪnˌɔf, -ˌɒf /

noun

Commerce. a process of reorganizing a corporate structure whereby the capital stock of a division or subsidiary of a corporation or of a newly affiliated company is transferred to the stockholders of the parent corporation without an exchange of any part of the stock of the latter.Compare split-off(def 3), split-up(def 3).
any product that is an adaption, outgrowth, or development of another similar product: The paperback is a spin-off from the large hardcover encyclopedia.
a secondary or incidental product or effect derived from technological development in a somewhat unrelated area.

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Origin of spin-off

First recorded in 1945–50; noun use of verb phrase spin off
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Example sentences from the Web for spin-off