carveout
Americannoun
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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.
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exemption from a provision of the law.
Etymology
Origin of carveout
First recorded in 1965–70; noun use of verb phrase carve out
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
That carveout, the EU Tax Observatory warned, could “give firms incentives to move production to countries with tax rates below 15%.”
From Seattle Times ● Oct. 22, 2023
Notable exemptions include Google-owned YouTube, which “appears to stem from the carveout for businesses that offer cloud storage and that make less than 25% of their revenue from social media,” Fung writes.
From Washington Post ● Apr. 13, 2023
"That could be the ballgame," predicted New York University Law Prof. Ryan Goodman, adding that the carveout the judge gave Pence was "very narrow."
From Salon ● Mar. 28, 2023
A carveout in the lockdown protocol would also be put in place, allowing temporary use of the vehicle in case of emergency.
From Washington Times ● Mar. 3, 2023
This is about mocking the obvious implications of creating a carveout from antidiscrimination laws with fatuous slippery slopes and petty humor.
From Slate ● Dec. 5, 2022
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
