Carve-out

1. Sometimes known as a partial spinoff, a carve out occurs when a parent company sells a minority (usually 20% or less) stake in a subsidiary for an IPO or rights offering.

2. Where an established brick-and-mortar company hooks up with venture investors and a new management team to launch an Internet spinoff.

Investopedia Says:
In most cases the parent company will spinoff the remaining interests to existing shareholders at a later date when the stock price is much higher.

Also known as a "carveout" or an "equity carve out."

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Initial public sale of a minority position (20% or less, typically) in the stock of a subsidiary or division by a larger corporation. The parent company will often Spin Off the remaining shares to its existing stockholders at a future date. Also called Carve Out; Split-Off Ipo.

Separate the present Income stream of property from the property itself. For example, if an owner of mineral property sells for a certain number of years a portion of the future mineral production from such property, the sale of such future production is a carved-out interest in the mineral property.

The process by which a taxpayer separates the present income stream of property from the property itself. For example, if an owner of mineral property sells for a certain number of years a portion of the future mineral production from such property, the sale of such future production is a "carved out" interest in the mineral property.