A distribution of stock of a new company to shareholders of a parent company; a company so created.
| Example | Meaning |
Interviewer: That's the people who go underground? Speaker: Yeah. Interviewer: Yeah wow. Speaker: And- Interviewer: Wow. Spinoffs? Speaker: Spinoffs. Like ah ah spinoffs being, you-know for instance Gillivan, they're an electrical-supplier so… |
companies providing services that support an industry |