spin-off
B1CEFR level
55/100Rarity: uncommon
TechnicalRegister
Law noun
The separation of part of a company into an independent business whose shares go to existing shareholders.
The conglomerate announced a spin-off of its consumer arm to sharpen investor focus.
Business noun
A new independent company created by separating a division from its parent.
The technology unit was floated as a spin-off, giving investors a pure-play stake in the fast-growing segment.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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