clawback

[ klaw-bak ]
/ ˈklɔˌbæk /

noun

the recovery of previously dispensed or protected money or benefits through a contractual provision or tax law, typically triggered to counter a shortfall in financial performance or offset a liability (often used attributively): One executive’s clawback exceeded fifty million dollars.Most public companies have clawback provisions, but boards choose not to invoke them.

verb phrase claw back [klaw-bak] /ˈklɔ ˈbæk/

to require the return of (money or benefits): The government will claw back subsidy payments from households in the higher of the two income brackets.
to recover (a previously held asset or status) with substantial effort: The reigning champions were unable to claw back a playoff berth after their dismal regular season.

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Origin of clawback

First recorded in 1950–55; def. 1 derives from the verb phrase claw back (in the sense “to take back by great effort over a period of time”)
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Example sentences from the Web for clawback

British Dictionary definitions for clawback

claw back

verb (tr, adverb)

to get back (something) with difficulty
to recover (a sum of money), esp by taxation or a penalty

noun clawback

the recovery of a sum of money, esp by taxation or a penalty
the sum so recovered
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012