BACK TO spin-off
spin-off vs. split-off
[ spin-awf, -of ]
noun
- 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.
- 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.
[ split-awf, -of ]
noun
- the act of separating or splitting away from something else.
- something that has split or has been split from something else.
- 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.