Clawback
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.
Often appears as...
- tax clawback
- pension clawback
Usage tips
Formal
Technical
verb
To recover lost funds or benefits by retrieval or subtraction.
The company clawed back the excess payments made to the former employee.
Often appears as...
- claw back money
- claw back benefits
Usage tips
Formal
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.
Often appears as...
- tax clawback
- pension clawback
Usage tips
Formal
Technical
verb
To recover lost funds or benefits by retrieval or subtraction.
The company clawed back the excess payments made to the former employee.
Often appears as...
- claw back money
- claw back benefits
Usage tips
Formal
Definition 1 of 2
Pro Tip 1/3Financial Corrections
Clawback often involves correcting financial overpayments or errors.
The pension fund executed a clawback to correct overpaid benefits.
Pro Tip 2/3Government Actions
A government uses clawback to reclaim funds from tax incentives when conditions aren't met.
After the factory closed, a tax clawback was issued to the company.
Pro Tip 3/3Legal Complications
Clawbacks can lead to legal disputes over the legitimacy of reclaiming funds.
The clawback provision in the contract led to a court case.
Pro Tip 1/3Financial Corrections
Clawback often involves correcting financial overpayments or errors.
The pension fund executed a clawback to correct overpaid benefits.
Pro Tip 2/3Government Actions
A government uses clawback to reclaim funds from tax incentives when conditions aren't met.
After the factory closed, a tax clawback was issued to the company.
Pro Tip 3/3Legal Complications
Clawbacks can lead to legal disputes over the legitimacy of reclaiming funds.
The clawback provision in the contract led to a court case.
Pro Tip 1/3Financial Corrections
Clawback often involves correcting financial overpayments or errors.
The pension fund executed a clawback to correct overpaid benefits.
Pro Tip 2/3Government Actions
A government uses clawback to reclaim funds from tax incentives when conditions aren't met.
After the factory closed, a tax clawback was issued to the company.
Pro Tip 3/3Legal Complications
Clawbacks can lead to legal disputes over the legitimacy of reclaiming funds.
The clawback provision in the contract led to a court case.
Never forget "Clawback"
Humans forget easily. That's why you should download WordUp: Smart reminders, word games, AI practice, and much more!
WordUp Chrome Extension
As you browse the web instantly look up words you don’t know.
Get Chrome Extension