carveout

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carve·out / ˈkärvˌout/ • n. 1. an entity separated from a larger one and given separate treatment, in particular: ∎  a small company created from a larger one. ∎  a class of medical procedures treated separately with regard to insurance coverage. ∎  a class of employees treated separately with regard to benefits.2. the activity of effecting such a separation.

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