the act of separating or splitting away from something else.
something that has split or has been split from something else.
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. Compare spin-off ( def 1 )
, split-up ( def 3 )
1855–60; noun use of verb phrase split off