split-off
noun
ˈsplit-ˌȯf, -ˌäf
: a transfer of corporate assets to a subsidiary involving the surrender of a part of the stock owned by the corporation's shareholders in exchange for controlling stock of the subsidiary : a D reorganization involving a distribution of part but not all of a corporation's stock for a subsidiary's stock
Dictionary Entries Near split-off
Cite this Entry
“Split-off.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/split-off. Accessed 23 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share