I. ˈ ̷ ̷ˌ ̷ ̷ noun
( -s )
Etymology: from spin off, v.
: a transfer of a distinctive business constituting one of two or more businesses owned by a corporation to a corporation controlled by it in return for a distribution to the stockholders of the distributing corporation of all the stock and securities in the transferee corporation without surrender of any stock or securities by the stockholders in the distributing corporation — compare split-off , split-up
II. noun
1. : the distribution by a business to its stockholders of particular assets and especially of stock of another company ; also : a new company created by such a distribution
2. : a collateral or derived product or effect : by-product ; also : a number of such by-products
the spin-off from the space program
3. : something that is imitative or derivative of an earlier work, product, or establishment ; especially : a television show starring a character who was popular in a secondary role in an earlier show