spin-off

[spin-awf, -of] /ˈspɪnˌɔf, -ˌɒf/

noun

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 without an exchange of any part of the stock of the latter.

Compare split-off (def 3), split-up (def 3).

any product that is an adaption, outgrowth, or development of another similar product:

The paperback is a spin-off from the large hardcover encyclopedia.

a secondary or incidental product or effect derived from technological development in a somewhat unrelated area.

Also, spinoff.

Origin

1945-50; noun use of verb phrase spin off

Synonyms

2, 3. by-product, issue, offshoot.

Examples from the web for spin-off

It would require practical low cost space access, which would have definite spin-off applications.
His company will later produce spin-off apparel based on the new designs.
If it all works to plan, the spin-off should unlock substantial value.
Some wonder if this is a first step towards a spin-off of the lending and investing arm.
But the commission wanted a more radical solution: a partial spin-off.
The old defence sector was based on dedicated programmes with only a limited civilian spin-off.
The more interesting work, however, may be in spin-off applications.
Their intransigence on the budget debate seems to be a spin-off of this concept.
Some non-profits even charge for their services or spin-off profit-making subsidiaries.
More likely is that the encounter will produce spin-off courtroom drama.

British Dictionary definitions for spin-off

spin off

verb

(transitive, preposition) to turn (a part of a business enterprise) into a separate company

noun

any product or development derived incidentally from the application of existing knowledge or enterprise

a book, film, or television series derived from a similar successful book, film, or television series