Definitions for "Carve out"
to redirect some of employees’ payroll taxes that now go into the Social Security system into private retirement accounts. Thus the money would be “carved out” of the Social Security system and not available to pay benefits for current retirees.
The separation of a service from a traditional all service models. For example, an HMO may "carve out" an orthopedic benefit and select another vendor to supply these services just as Medicaid "carves out" its mental health and substance abuse services to Behavioral Health Partnership.
To seperately purchase services that are typically part of a managed care package. For example, an HMO may "carve out" the vision care benefit and select a specialized vendor to supply these services on a stand-alone basis.
An exception provision in a non-recourse loan whereby the lender preserves the right to still seek damages for its losses. Fraud and toxic contamination are just two examples of defrauding a lender where the lender can hold the borrower responsible and still recuperate its loss from default.
the definition used for the inclusion of recourse in loan documents for fraud and misrepresentation.
Keywords:  nonduplication, benefits, see
See Nonduplication of Benefits.
Keywords:  spin, off, see
see spin off