spin off


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia.

spin off

[for something] to part and fly away from something that is spinning; [for something] to detach or break loose from something. The blade of the lawn mower spun off, but fortunately no one was injured. The rusted-on nut spun off easily after I got it loosened.
See also: off, spin

spin something off

 
1. Lit. [for something rotating] to release a part that flies away. The propeller spun one of its blades off and then fell apart all together. It spun off one of its blades.
2. Fig. [for a business] to divest itself of one of its subparts. The large company spun one of its smaller divisions off. It spun off a subsidiary and used the cash to pay down its debt.
3. Fig. [for an enterprise] to produce useful or profitable side effects or products. We will be able to spin off a number of additional products. The development of this product will allow us to spin off dozens of smaller, innovative products for years to come.
See also: off, spin

spin off something

also spin something off
1. to form a separate company from parts of an existing company The company will consider spinning off its music recording and retail businesses early next year.
2. to produce something additional “Star Trek” seems capable of spinning movies and TV series off endlessly.
See also: off, spin

spin off

Derive or produce from something else, especially a small part from a larger whole. For example, The corporation decided to spin off the automobile parts division, or Her column was spun off from her book on this subject. The expression transfers the throwing off by centrifugal force, as in spinning, to other enterprises. [Mid-1900s]
See also: off, spin

spin off

v.
To derive something, such as a company or product, from some source: The television network decided to spin a new show off from its popular comedy series. The media conglomerate spun off its entertainment division.
See also: off, spin
References in periodicals archive ?
Ryder expects to accomplish the spin off before the end of 1993.
In the spin off, holders of record on November 18, 2004 of GP Strategies common stock and Class B capital stock will receive one share of National Patent Development common stock for each share of GP Strategies common stock or Class B capital stock owned.
As a result, any record holder of GP Strategies common stock that sells its shares after the record date and on or before the date of distribution will also be selling its right to receive shares of National Patent Development common stock in the spin off.
NEW YORK -- GP Strategies Corporation (NYSE:GPX), a global provider of training, e-Learning solutions, management consulting, engineering, and simulation services, today announced that the spin off of National Patent Development Corporation by GP Strategies did not take place on August 13, 2004 because the Securities and Exchange Commission has not yet cleared the required filings.
The plan to spin off eCom's ten wholly owned subsidiaries has been completed and the Company is now in the process of acquiring certain businesses for each spin-off.
Until the spin off referred to above is consummated, the Company will continue to own and operate a 21-mile pipeline which connects the terminal in Brownsville to a storage and distribution terminal in Matamoros, Tamaulipas.
The Company will distribute to bona fide shareholders a dividend of 1 share of the spin off corporation for every 300 hundred shares of Nutek demonstrated to be owned by such shareholders, with Nutek retaining the remaining one million shares to be issued," said Jason Griffith, Nutek CFO.
During a Special Meeting of the Board of Directors of Life Energy on July 22, 2003, it was resolved to spin off Health-Pak as part of a plan of reorganization submitted for a plan confirmation to the Bankruptcy court in New York.