CLAWBACK Definition & Meaning

clawback

[ klaw-bak ]

Phonetic (Standard)IPA

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): Most public companies have clawback provisions, but boards choose not to invoke them.
One executive’s clawback exceeded fifty million dollars.
Most public companies have clawback provisions, but boards choose not to invoke them.

verb phrase

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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�y��vlog History and Origins

Origin of clawback¹

First recorded in 1950–55; clawback def 1 derives from the verb phrase claw back (in the sense “to take back by great effort over a period of time”)

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Example Sentences

Examples have not been reviewed.

While the White House justifies its clawback of $11.4 billion in public health funds by declaring the pandemic “over,” the truth — buried beneath rhetoric — is that this money was never solely about COVID.

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A "clawback mechanism" in the new arrangement is designed to stop the company making excessive profits if electricity prices rise steeply.

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The pair are expected to face questions over thousands of cases of clawbacks, particularly from those who are unpaid carers.

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They have called for additional clawbacks during negotiations with the White House over how to pay for additional aid for Ukraine.

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Some clawback cases could become harder to win — or may be withdrawn.

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