split-up

noun
\ ˈsplit-ˌəp \

Legal Definition of split-up

: a transfer by a corporation of all its assets in complete liquidation to two or more subsidiaries that involves the surrender of all stock by the shareholders in exchange for new stock in the transferee corporations : a D reorganization involving a distribution of the stock of two or more subsidiaries to the shareholders who in return surrender all their stock in the distributing corporation — compare spin-off, split-off

Learn More about split-up

Cite this Entry

“Split-up.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/split-up. Accessed 22 Sep. 2020.

Comments on split-up

What made you want to look up split-up? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

Test Your Vocabulary

Homophone Quiz

  • three bears two of them look like theyre whispering to a third bear who looks chuffed to be the center of attention
  • In order to judge how people felt, the senator's office hired a firm to take a ______.
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Bee Cubed

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

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