split-off

split-off
\\ˈ ̷ ̷ˌ ̷ ̷\ noun (-s)
Etymology: split off
: an act of splitting off or something that is split off from something else

a succession of left-wing split-offs

specifically : a transfer of a distinctive business constituting one of two or more businesses owned by a corporation to another corporation controlled by the former accompanied by a surrender of part of the stock owned by the stockholders in the distributing corporation for stock in the controlled corporation — compare spin-off, split-up

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/split"awf', -of'/, n.
1. the act of separating or splitting away from something else.
2. something that has split or has been split from something else.
3. Com. a process of reorganizing a corporate structure whereby the capital stock of a division or subsidiary of a corporation or of a newly affiliated company is transferred to the stockholders of the parent corporation in exchange for part of the stock of the latter. Cf. spin-off (def. 1), split-up (def. 3).
[1855-60; n. use of v. phrase split off]

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splitˈ-off noun (US finance)
An exchange of the stock in a subsidiary company with part of the stock in the parent company
• • •
Main Entry: ↑split

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split-off «SPLIHT F, -OF», noun.
1. something that is split or divided from something else: »

Split-offs from the parent clumps are best planted four inches apart (Punch).

2. the distribution of stock in a new corporation to stockholders of the parent corporation in partial exchange for old stock.

Useful english dictionary. 2012.

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Look at other dictionaries:

  • split–off — / split ˌȯf, ˌäf/ n: 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… …   Law dictionary

  • split-off — /split awf , of /, n. 1. the act of separating or splitting away from something else. 2. something that has split or has been split from something else. 3. Com. a process of reorganizing a corporate structure whereby the capital stock of a… …   Universalium

  • split-off — The process whereby a parent corporation organizes a subsidiary corporation to which it transfers part of its assets in exchange for all of the subsidiary s capital stock, which is subsequently transferred to the shareholders of the parent… …   Law dictionary

  • split off — index break (separate) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • split off — transitive verb : to separate or remove by or as if by splitting split some kindling off from a log where only part of the assets of the corporation are split off into a new corporation U.S. Code split the carbon dioxide off …   Useful english dictionary

  • split off — PHRASAL VERB If people split off from a group, they stop being part of the group and become separated from it. [V P from n] Somehow, Quentin split off from his comrades. [V P n] ...the Youth Wing which split off the National Liberal party earlier …   English dictionary

  • split-off — When a corporation sets up and funds a new corporation and gives the shares of this new corporation to the old corporation s stockholders in exchange for some of their shares in the old company, this new company is a split off and the process is… …   Black's law dictionary

  • Split-Off — A type of corporate reorganization whereby the stock of a subsidiary is exchanged for shares in a parent company. This is a somewhat rare situation. For example, Viacom announced a split off of its interest in Blockbuster in 2004 whereby Viacom… …   Investment dictionary

  • split-off — Same as spin off …   Ballentine's law dictionary

  • split off (from something) — ˌsplit aˈway/ˈoff (from sth) | ˌsplit sthaˈway/ˈoff (from sth) derived to separate from, or to separate sth from, a larger object or group • A rebel faction has split away from the main group. • The storm split a branch off from the main trunk.… …   Useful english dictionary

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