spin-off – n : a company or stand-alone, separate business unit that is created by being separated from an established business or institution. Typically, the spin-off offers a discrete set of products and/or services.
– adj : describing a business that has been or is being spun out from an established business or institution.
--v: to create a spin-off business

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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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