| Main Entry: | carveout1 |
| Part of Speech: | n |
| Definition: | an entity which is broken off or spun off from a larger entity, esp. a company; also the process of separating the entity from the larger one; also written carve-out, also called equity carveout |
| Main Entry: | carveout2 |
| Part of Speech: | n |
| Definition: | a class of medical treatments, esp. for catastrophic and mental health care, handled separately by insurance coverage |
| Usage: | carveout adj |