split-off

noun

ˈsplit-ˌȯf, -ˌäf
: a transfer of corporate assets to a subsidiary involving the surrender of a part of the stock owned by the corporation's shareholders in exchange for controlling stock of the subsidiary : a D reorganization involving a distribution of part but not all of a corporation's stock for a subsidiary's stock
also : a new company created by such a distribution compare spin-off, split-up

Dictionary Entries Near split-off

Cite this Entry

“Split-off.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/split-off. Accessed 26 Feb. 2024.

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