evisceration

A disemboweling.

1. Removal of the contents of the eyeball, leaving the sclera and sometimes the cornea.
2. See exenteration.
3. Protrusion of the abdominal viscera, as through a defect created by wound dehiscence.

The noun has 3 meanings:

Meaning #1: surgical removal of an organ (or the contents of an organ) from a patient

Meaning #2: the act of removing the bowels or viscera; the act of cutting so as to cause the viscera to protrude
  Synonym: disembowelment

Meaning #3: altering something (as a legislative act or a statement) in such a manner as to reduce its value