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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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