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WordNet-Online
Definitions from WordNet
Verb spin off has 1 sense
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Definitions from the WebTerm: Spun OffDefinitionSpun off, also spelled spun-off, is a verb phrase that refers to the act of creating a new, separate company or entity from an existing organization. It occurs when a business decides to separate a portion of its operations or assets into a distinct entity, often with the intention of focusing on different markets or improving efficiency. Senses and UsagesSense 1 - Business:In the business context, spun off typically signifies the process of transforming a division, subsidiary, or product line into an independent company. This strategy allows the newly formed entity to operate with increased agility and concentrate on its specific business area or target audience. Sample Sentence:After careful consideration, the multinational corporation decided to spin off its software development division into a separate company. Sense 2 - Entertainment:In the entertainment industry, spun-off commonly refers to the creation of a new television show or movie from an existing one. This spin-off often features notable characters, storylines, or themes from the original piece of work. Sample Sentence:The popular sitcom 'Friends' became so successful that it eventually spawned a number of spin-off series. Sense 3 - Finance:In the financial sphere, spun off refers to the process of separating a subsidiary company from its parent company. This can occur through the distribution of shares to the parent company's shareholders or through the sale of the subsidiary to the public. Sample Sentence:The conglomerate decided to spin off its real estate division as an independent, publicly-traded company to unlock its full value. Related ProductsHere are some related products you might be interested in: | |||||
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