newco

== English == === Etymology === From new +‎ co. === Noun === newco (plural newcos) (business) 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. (law, finance) A placeholder name for a business in textbooks. === See also === shell clean shell === Anagrams === Cowen, cowen, wonce