carve out

carve out |ˈkärvˌoutˈkɑrvaʊt|
noun
1 a 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.
2 the activity of effecting a carveout.
to the letter with adherence to every detail: the method
was followed to the letter.

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