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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