clawback
回拨,回扣,回拨资金,回拨款项
Definitions
- 1
- : 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: One executive’s clawback exceeded fifty million dollars.Most public companies have clawback provisions, but boards choose not to invoke them.
- 1
claw back [klaw-bak] /ˈklɔ ˈbæk/
- : to require the return of: The government will claw back subsidy payments from households in the higher of the two income brackets.
- : to recover with substantial effort: The reigning champions were unable to claw back a playoff berth after their dismal regular season.
Examples
It’s because they have decided their best defense, the only way to save the deal and maybe $24 million in clawbacks is to argue that the city knew Hughes was getting paid all along.
There is no clawback, unless someone fraudulently obtained a payment.
“The $28 million still stands as the biggest clawback we can point to” nationwide, he said.
Despite Reese’s defense, the clawback nevertheless weighed on the mind of his boss.
Picard said Madoff investors who face “clawback suits” can file for hardship with his office and have the cases dropped.
"If you file a claim for a million, then yes, when the clawback letter comes for a million, you can't lie," Colombo said.
The word on everyone's mind at the town hall was "clawback," a phrase that sounds like a mythical demon and is about as feared.
Flaterabundus, "ye flaterabundus you" (R188,a), see Clawback.