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carve-out |
Also found in: Medical | 0.01 sec. |
Carve-Out The act or process in which a company makes an IPO on one of its subsidies without fully spinning it off. During a carve-out, the parent company becomes the majority shareholder and only offers a minority share to the market. This gives the subsidiary a degree of autonomy (such as its own board of directors), while still retaining access to the resources of the parent company. Most of the time, a carve-out ultimately results in the parent company fully spinning off the subsidy. It is also called a partial spin off. carve-out An area of personal liability in an otherwise nonrecourse loan.A lender may be willing to accept property as sufficient collateral for a loan, without requiring personal liability on the part of the corporate or individual borrower in case there is a default and the collateral is insufficient to pay the debt.The exceptions,or carve-outs,are for things outside the ability of the lender to analyze during underwriting,such as borrower fraud or environmental claims. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Therefore, the court examined the type of carve-out the transaction created. Kyl recently commented that such a carve-out would be unworkable, because of the difficulty in defining a small business. There have been a lot of other carriers that have come into this space and gone from it," said John Laprade, who heads the sales unit of MassMutual's Executive Group Life Carve-Out Program. |
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