Simple Definition of spin–off
: a television program, movie, book, etc., that is based on characters from another television program, movie, book, etc.
: a new company created by a large company
: something useful that results from work done to produce something else
Full Definition of spin–off
1 : the distribution by a business to its stockholders of particular assets and especially of stock of another company; also : the new company created by such a distribution
2 : a collateral or derived product or effect : by-product; also : a number of such products <the spin–off from the space program>
3 : something that is imitative or derivative of an earlier work, product, or establishment; especially : a television show starring a character popular in a secondary role of an earlier show
First Known Use of spin–off
Legal Definition of spin–off
: a transfer of corporate assets to a subsidiary in return for a distribution to the shareholders of the corporation of all of the stock or controlling stock of the subsidiary without surrender of any stock by the shareholders of the corporation : a D reorganization involving a distribution of the stock of another company to the corporation's shareholders; also : a new company created by such a distribution — compare split-off, split-up
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