spin off

spin-off, n.

1. A corporate divestiture in which a division of a corporation becomes an independent company and stock of the new company is distributed to the corporation’s shareholders. [Cases: Corporations 445. C.J.S. Corporations § 656.]

2. The company created by this divestiture. Cf. SPLIT-OFF F; SPLIT-UP.

---

词条贡献者

资深译员Betty，知名法学院国际金融法专业，擅长翻译各类与并购业务相关的法律文件。