carve

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Related to carved out: for the most part, in favor of, set out, refer to
References in periodicals archive ?
States also increasingly carved out their mental health services, separating mental health coverage from physical health coverage and placing the former under separate financial and administrative arrangements.
In an ECO, since the parent firm's shares, which reflect the value of the subsidiary carved out, are nonrationed and continuously traded, our analyses provide compelling evidence against IPO pricing efficiency.
The firm has invested in several fee-based businesses that have been carved out of larger corporations and has shown an ability to create substantial value for its corporate partners, both at the time of the carve-out itself and through retained equity stakes.