split-off

American  

[split-awf, -of] / ˈsplɪtˌɔf, -ˌɒf /

noun

1. the act of separating or splitting away from something else.

2. something that has split or has been split from something else.

3. 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.

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Etymology

Origin of split-off

First recorded in 1855–60; noun use of verb phrase split off

Compare meaning

How does split-off compare to similar and commonly confused words? Explore the most common comparisons:

• spin-off vs. split-off

Example Sentences

It plans to distribute all or part of its stake to Medtronic shareholders via either a spin-off or a split-off.

From The Wall Street Journal

Now, Lennar plans to distribute External link the remaining 20% to its holders in an exchange offer, known as a split-off, in which Lennar’s Class A shareholders can swap their shares for Millrose stock.

From Barron's

Occidental wouldn’t have to pay taxes on the sale of the chemical business, which would be characterized as a split-off for tax purposes.

From Barron's

“A split-off would be beneficial for OXY. It would not have to recognize the gain that has accrued in the subsidiary’s stock, which I’m guessing would be quite substantial,” Willens wrote in an email to Barron’s.

From Barron's

During the hearing, which one of the commissioners said lasted four and a half hours, Gilbert went over his history as a teenage supporter of the civil rights movement and a student activist at Columbia University who grew increasingly radicalized and joined the Weather Underground, a militant split-off from the activist group Students for a Democratic Society.

From Seattle Times