Words / C / Law

carve-out

/ˈkɑːrvaʊt/

C1CEFR level
65/100Rarity: rare
TechnicalRegister

Law noun

An express exception that removes something from the scope of a broader clause.

We negotiated a carve-out so ordinary-course disclosures fall outside the confidentiality obligation.

Similar: exclusion

Topic: Contracts in Legal English

Business noun

A unit separated from its parent to operate or be sold on its own.

The semiconductor carve-out will list as a standalone company by the third quarter.

Similar: spin-off

Topic: Strategy in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Contracts