Meaning of carveout | Babel Free

Definitions

1. The selling of a minority stake in a subsidiary by a parent company; a partial spinoff.
2. An exception to a legal provision.

Examples

“These laws create special exemptions for farms through statutory and regulatory carveouts.”

“Instead, G.O.P. lawmakers have sent carefully worded letters to agency heads and privately lobbied their personal connections within the White House to make piecemeal carveouts for their preferred projects and programs.”

CEFR level