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spinoff
spin·off or spin-off S0643500 (spĭn′ôf′, -ŏf′)n.1. a. A divestiture by a corporation of a division or subsidiary by issuing to stockholders shares in a new company set up to continue the operations of the division or subsidiary.b. The new company formed by such a divestiture.2. Something, such as a product, that is derived from something larger and more or less unrelated; a byproduct.3. Something derived from an earlier work, such as a television show starring a character who had a popular minor role in another show.Thesaurusspinoff or spin-off
nounSomething derived from another:byproduct, derivation, derivative, descendant, offshoot, outgrowth.TranslationsIdiomsSeespin offLegalSeeSpin-Offspinoff
Spin-OffA situation in which a company offers stock in one of its wholly-owned subsidiaries or dependent divisions such that subsidiary or division becomes an independent company. The parent company may or may not maintain a portion of ownership in the newly spun-off company. A company may conduct a spin-off for any number of reasons. For example, it may wish to divest itself of one industry so it can expand into another. It may also simply wish to profit from the sale of the subsidiary. A spin off should not be confused with a split off.spinoff The distribution to stockholders of the stock of a subsidiary held by a parent company. Usually the distribution is not taxable to the stockholders until the new shares have been sold. Compare splitoff. See also partial spinoff.spinoff
Synonyms for spinoffnoun something derived from anotherSynonyms- byproduct
- derivation
- derivative
- descendant
- offshoot
- outgrowth
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