carveout

See also: carve out

English

Alternative forms

Etymology

Deverbal from carve out.

Noun

carveout (plural carveouts)

  1. The selling of a minority stake in a subsidiary by a parent company; a partial spinoff.
  2. (law) An exception to a legal provision.
    Hyponym: grandfathering
    • 2018, Jacob E. Gersen, Margot J. Pollans, Michael T. Roberts, Food Law and Policy, page 825:
      These laws create special exemptions for farms through statutory and regulatory carveouts.
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