Definition of carveout in English:

carveout

Syllabification: carve·out
Pronunciation: /ˈkärvˌout/

Entry from US English dictionary

noun

1A small company created from a larger one: companies that are breaking up—through spin-offs, split-offs, and carveouts
1.1A class of medical procedures treated separately with regard to insurance coverage.
1.2A class of employees treated separately with regard to benefits.
2The activity of effecting a carveout.

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Word of the day erroneous
Pronunciation: ɪˈrəʊnɪəs
adjective
wrong; incorrect