Clawback

usgb/ˈklɔːbæk/
noun

The act of taking back money that has been paid or given out, especially by a government or company, often due to an agreement or law.

The government is planning a clawback of some of the tax benefits that large corporations have enjoyed.
Visual representation of "clawback" - The act of taking back money that has been paid or given out, especially by a government or company, often due to an agreement or law.

Often appears as...

  • tax clawback
  • pension clawback

Usage tips

Formal

Technical

Definition 1 of 2
Visual representation of "clawback"
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Financial Corrections

Clawback often involves correcting financial overpayments or errors.

Illustration for Financial Corrections
The pension fund executed a clawback to correct overpaid benefits.
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Government Actions

A government uses clawback to reclaim funds from tax incentives when conditions aren't met.

Illustration for Government Actions
After the factory closed, a tax clawback was issued to the company.
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Legal Complications

Clawbacks can lead to legal disputes over the legitimacy of reclaiming funds.

Illustration for Legal Complications
The clawback provision in the contract led to a court case.
Visual representation of the word "Clawback"

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