Spin-off



noun
1.
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).
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.

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