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carve up

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
carve up something
to divide something into parts. The new owner carved up the company and sold off several divisions. Local leaders have carved up the forest and turned the land over to a company that built homes on it.
See also: carve

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Commercial mortgage-backed securities (CMBS) issuers, for certain transactions, will carve up the 'AAA' class into two or more classes ('carve-out certificates'), usually A-1, A-1A, A-2, etc.
 
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