Spin-off

Definition:

A company can create an independent company from an existing part of the company by selling or distributing new shares in the so-called spin-off.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Dedicated capital

Total par value (number of shares issued, multiplied by the par value of each share). Also called dedicated value.

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