Meaning of split-off


Pronunciation: (split'ôf", -of"), [key]
— n.
  1. the act of separating or splitting away from something else.
  2. something that has split or has been split from something else.
  3. 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. Cf.(def. 1),(def. 3).
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.