carveout

Etymology

Deverbal from carve out.

carveout means the selling of a minority stake in a subsidiary by a parent company; a partial spinoff. Lexicurio rates it Sui generis — a strength score of 91 out of 100.

noun

The selling of a minority stake in a subsidiary by a parent company; a partial spinoff.
An exception to a legal provision.“These laws create special exemptions for farms through statutory and regulatory carveouts.”