| 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. |

Spinoff
A new, independent company created through selling or distributing new shares for an existing part of another company.
Investopedia Commentary
Spinoffs may be done through a rights offering.
Related Links
What Are Corporate Actions?
The Basics of Mergers and Acquisitions
See also: Carveout, Rights Offering, Sum of Parts Valuation, Tracking Stock
Also spelled: spin-off
spinoff