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spin-off vs. split-off

spin-off

[ spin-awf, -of ]
noun
  1. 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.
  2. any product that is an adaption, outgrowth, or development of another similar product: The paperback is a spin-off from the large hardcover encyclopedia.
  3. a secondary or incidental product or effect derived from technological development in a somewhat unrelated area.

split-off

[ split-awf, -of ]
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. 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.