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split-off

[ split-awf, -of ]
/ ˈsplɪtˌɔf, -ˌɒf /
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noun

the act of separating or splitting away from something else.
something that has split or has been split from something else.
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 in exchange for part of the stock of the latter.Compare spin-off (def. 1), split-up (def. 3).

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“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.

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Origin of split-off

First recorded in 1855–60; noun use of verb phrase split off
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

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