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

Keep scrolling for more

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 17 Aug. 2022.

Keep scrolling for more

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!


Commonly Confused Words Quiz

  • vector image of a face with thought expression
  • I went to the ______ store to buy a birthday card.
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
Universal Daily Crossword

A daily challenge for crossword fanatics.

TAKE THE QUIZ