-
A divestiture by a corporation of a division or subsidiary by issuing to stockholders shares in a new company set up to continue the operations of the division or subsidiary.
(noun)
-
The new company formed by such a divestiture.
(noun)
-
Something, such as a product, that is derived from something larger and more or less unrelated; a byproduct.
(noun)
-
Something derived from an earlier work, such as a television show starring a character who had a popular minor role in another show.
(noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.