newco
newco · newcos
A new company, especially one spun-off from or replacing an existing company as a…A new company, especially one spun-off from or replacing an existing company as a legal fiction to maintain ownership over an entity while separating it from the old company financially.
Meaning
2 sensesA new company, especially one spun-off from or replacing an existing company as a legal fiction to maintain ownership over an entity while separating it from the old company financially.
A placeholder name for a business in textbooks.
Origin
From new + co.From new + co.
Wiktionary, CC BY-SA 4.0 · source