carve-out
Designated separate portion
A carve-out is an exception or exclusion from a broader rule, agreement, or category.
In business, it often refers to separating a subsidiary or division from a parent company: The tech division was spun off in a carve-out.
In contracts and legislation, carve-outs exempt specific items from general provisions: The bill included a carve-out for small businesses.
Derivative from a parent
- divestitureDisposal of assets
- subsidiaryOf lesser importance
- divisionSplitting into parts
- unitIndividual part or measure
IPO · separation · standalone · breakaway · split-off · corporate restructuring · transaction · valuation
Formal surrender of rights
- loopholeExploitable gap in rules
- exceptionDeviation from standard
- exclusionBeing barred from participation
- dispensationOfficial permission to skip rules
immunity · privilege · derogation · concession · variance · special treatment · workaround · bypass
Divided share given
- sharePortion given out
- slicePortion cut off
- segmentDistinct part of whole
- allotmentDesignated share or portion
tranche · piece · quota · subset · fraction · percentage · division · earmark
Area of expertise
- targetedChosen for specific attention
- boutiqueSmall specialized retail shop
- focusedDirecting attention narrowly
- bespokeMade to individual specifications
tailored · segment · demographic · differentiated · vertical · subcategory
spin-off
Derivative from a parent
- divestitureDisposal of assets
- subsidiaryOf lesser importance
- divisionSplitting into parts
unit · IPO · separation · standalone · breakaway · split-off · corporate restructuring · transaction · valuation · parent company
waiver
Formal surrender of rights
- loopholeExploitable gap in rules
- exceptionDeviation from standard
- exclusionBeing barred from participation
dispensation · immunity · privilege · derogation · concession · variance · special treatment · workaround · bypass · escape clause
portion
Divided share given
allotment · tranche · piece · quota · subset · fraction · percentage · division · earmark · set-aside
specialty
Area of expertise
- targetedChosen for specific attention
- boutiqueSmall specialized retail shop
- focusedDirecting attention narrowly
bespoke · tailored · segment · demographic · differentiated · vertical · subcategory
- Exceptionsexception, exemption, exclusion, special case, anomaly
- corporate financecost of capital, investment, capital markets, NPV, debt financing
- Corporate SpinoffsPayPal, VMware, Kraft Foods, Chipotle, Expedia
- Investment BankingM&A, IPO, merger, mergers, acquisition
- M&Amerger, acquisition, takeover, hostile takeover, leveraged buyout
- private equityleveraged buyout, leveraged buyouts, LBO, buyouts, general partner
carve-outinclusion
Being made part
opt-in · blanket coverage · incorporation · coverage · comprehensive coverage
carve-outone-size-fits-all
Meant for anybody
uniform policy · catch-all · across-the-board · standardization · uniformity
carve-outintegration
Combining into a whole
consolidation · unification · merger · bundling · roll-up
out, carve, carved, carving, outcast, carves, carver, outwards, carvers