Carveout (noun) Definition, Meaning & Examples

noun
  1. 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.
  2. exemption from a provision of the law.
verb
  1. to make or create (a career)
Carveout (noun) Definition, Meaning & Examples

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