Definition of spin something off in English:

spin something off

(Of a parent company) turn a subsidiary into a new and separate company.
More example sentences
  • The companies began as subsidiaries of Cabletron, with the plan to eventually spin them off as separate public companies.
  • If the dismal finances persist, some carriers may try to unlock the value of their miles programs by spinning them off as separate publicly traded companies.
  • The bankers told us it was a fantastic opportunity to create a separate entity, spin it off, and make lots of money.
See parent entry: spin

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Word of the day apposite
Pronunciation: ˈapəzɪt
adjective
apt in the circumstances or relation to something