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

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

a sum of money that is sent as a payment

Get Word of the Day daily email!

Test Your Vocabulary

Time Traveler Quiz: Which Word Came First?

  • time traveler quiz which word came first
  • Which came first?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
SCRABBLE® Sprint

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!