carveout

See also: carve out

English

Alternative forms

• carve-out

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.