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English definition of “spin-off”

spin-off

noun [C]
 
 
/ˈspɪnɒf/ (UK also spin-out) COMMERCE, MARKETING, MANAGEMENT
a new business created by separating part of a company, or the act of creating such a business: a spin-off from sth In Europe, most of the biggest internet companies are spin-offs from established firms.the spin-off of sth Oxford University's technology transfer unit managed the spin-out of 10 new companies in the last year.
(Definition of spin-off from the Cambridge Business English Dictionary © Cambridge University Press)
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