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