carveout

 

Entry from US Dictionary

Pronunciation: /ˈkärvˌout/

noun

  • 1a small company created from a larger one: companies that are breaking up—through spin-offs, split-offs, and carveouts
  • a class of medical procedures treated separately with regard to insurance coverage.
  • a class of employees treated separately with regard to benefits.
  • 2the activity of effecting a carveout.