Pronunciation: (spin'ôf", -of"), [key]
1. Com.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. Cf. split-off (def. 3), split-up (def. 3).
2. any product that is an adaption, outgrowth, or development of another similar product: The paperback is a spin-off from the large hardcover encyclopedia.
3. a secondary or incidental product or effect derived from technological development in a somewhat unrelated area. Also,spin'off".
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.