clawback
/ˈklɔˌbæk/
noun
- A provision or policy that requires money or benefits to be returned, especially in business or government.
- The contract included a clawback clause if the employee left within two years.
- The government imposed a clawback on tax credits for companies that moved jobs overseas.
- Investors demanded a clawback of bonuses after the company's losses were revealed.
- The act of recovering money that has been paid out, often through legal or contractual means.
- The clawback of executive pay was approved by the board.
- The new law allows for the clawback of subsidies if conditions are not met.
- The charity faced a clawback of funds due to accounting errors.
Synonyms