| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,761,486,397 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
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. |
|
| ? Mentioned in | ? References in periodicals archive | ||
|---|---|---|---|
| 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. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|