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car·et | \ ˈker-ət 
, ˈka-rət \
, ˈka-rət \Definition of caret
: a wedge-shaped mark made on written or printed matter to indicate the place where something is to be inserted
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From the Editors at Merriam-Webster
'Carat' vs. 'Karat' (vs. 'Caret')
'Carat' vs. 'Karat' (vs. 'Caret')
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“Caret.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/caret. Accessed 5 Jul. 2020.
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The first known use of caret was in 1681
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