from The American Heritage® Dictionary of the English Language, 4th Edition
- n. An instance of spinning out: a motorist who was injured in a spinout.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A skid that results in a car rotating so as not to be oriented in the direction of linear motion.
- n. The formation of a subsidiary company that continues the operations of part of the parent company; the company so formed.
spin + out (Wiktionary)