spin-off vs. split-off

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 carveout ( def 1 ), split-off ( def 3 ), split-up ( def 3 ).

any product that is an adaption, outgrowth, or development of another similar product:

a secondary or incidental product or effect derived from technological development in a somewhat unrelated area.

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 carveout ( def 1 ), spin-off ( def 1 ), split-up ( def 3 ).