carveout

[kahrv-out]

Phonetic (Standard)IPA

noun

a process of reorganizing a corporation by creating a subsidiary and offering the public a minority of its stock, while the parent company remains in charge of the company; a partial spin-off.
exemption from a provision of the law.

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Word History and Origins

Origin of carveout¹

First recorded in 1965–70; noun use of verb phrase carve out

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Example Sentences

Examples have not been reviewed.

Yet even this generous carveout was not broad enough for some religious groups.

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One reason he wants a carveout for H1B visas in the expected immigration crackdown is because he can use threats of deportation to extract high-intensity work for low pay from immigrant employees.

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“The CFPB’s final rule will close a special carveout that has allowed debt collectors to abuse the credit reporting system to coerce people into paying medical bills they may not even owe.”

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The industry won a carveout in the 2017 legislation that allowed its investors to get a large tax break.

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The EPA's Clean Bus Program currently has only a five-year funding window for its $5 billion carveout, which ends in 2026.

From

carven carve out

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