SPIN-OFF Definition

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SPIN-OFF is a type of corporate reorganization in which the original corporation transfers some of its assets to a newly formed corporation. In exchange for the spun off assets, the original corporation receives all of the new corporations capital stock, which it then distributes to its shareholders as a property dividend.

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TIGR is Treasury Investment Growth Receipts; zero­-coupon bonds created by stripping Treasuries. See STRIPS.

941 Form is the U.S. IRS Employers Federal Quarterly Payroll Tax form.

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