spin-off

[spin-awf, -of]
noun
1.
Commerce. 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 without an exchange of any part of the stock of the latter. Compare split-off ( def 3 ), split-up ( def 3 ).
2.
any product that is an adaption, outgrowth, or development of another similar product: The paperback is a spin-off from the large hardcover encyclopedia.
3.
a secondary or incidental product or effect derived from technological development in a somewhat unrelated area.
Also, spinoff.


Origin:
1945–50; noun use of verb phrase spin off


2, 3. by-product, issue, offshoot.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
It would require practical low cost space access, which would have definite
  spin-off applications.
His company will later produce spin-off apparel based on the new designs.
If it all works to plan, the spin-off should unlock substantial value.
Some wonder if this is a first step towards a spin-off of the lending and
  investing arm.
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