Clawback Definition
klôbăk
noun
The recovery of money that has been disbursed, as by a government, pension, or company.
American Heritage
A recovering of money paid out previously.
Webster's New World
(US law of evidence) A rule that permits a party to take back evidentiary materials that were mistakenly turned over to the other party, but to which the other party would not have been entitled.
Wiktionary
(US taxation law) Money that a party is entitled to keep under one tax provision, but which is taken from them by another tax provision.
Wiktionary
(US, business) Any recovery of a performance-related payment based on discovery that the performance was not genuine.
The airline got a clawback provision in the event of failure of the engines to meet fuel-consumption targets.
Wiktionary
adjective
Designating or of a provision, as in a law or contract, for recovering money paid out to a payee or grantee who has failed to honor stated conditions.
Webster's New World
Other Word Forms of Clawback
Noun
Singular:
clawbackPlural:
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