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What is a spinout?

What is a spinout? Here are some definitions.

Noun
  1. (automotive) A skid that results in a car rotating so as not to be oriented in the direction of linear motion.
  2. (business) The formation of a subsidiary company that continues the operations of part of the parent company; the company so formed.
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The convertible preferred stock issued to YA Global is convertible into the common stock of the planned spinout of Titan Electronics Group.
In 2003, we participated with our partner Rhône Group in the corporate spinout of Alcoa Inc.
The Company was established in 1995 as a spinout from Oxford University, and is listed on the London Stock Exchange.
It was pointed out that the student spinout partnership often poses a challenge in a weakness of the management team.
Lately, Khan was serving as president and CEO of Lilliputian Systems, an early-stage spinout from MIT, and is presently on the board of Intersil Corp.
The authors systematically identified spinout papers in key management journals, categorized the literature and critically synthesized the findings.

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