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split-off
[split-awf, -of]
noun
the act of separating or splitting away from something else.
something that has split or has been split from something else.
Commerce.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.
51Թ History and Origins
Origin of split-off1
Example Sentences
During the hearing, which one of the commissioners said lasted four and a half hours, Gilbert went over his history as a teenage supporter of the civil rights movement and a student activist at Columbia University who grew increasingly radicalized and joined the Weather Underground, a militant split-off from the activist group Students for a Democratic Society.
South Korea’s National Pension Service, SK Innovation’s No.2 shareholder with an 8.05% stake, on Tuesday voted against the split-off plan, citing concerns about damage to shareholder value.
The gunmen are believed to belong to the Cartel of the Northeast, a split-off of the old Zetas cartel.
The vigilantes belong to the Regional Council of Community Authorities, a split-off from a decades-old force known as the CRAC.
D. S.A. started in 1982, a rare group in the faction-happy left-wing firmament created from a merger rather than a split-off.
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