clawback

Thân thiện

The company announced a clawback of the executive's bonus.

Definition

1. Noun:
   • The act or process of recovering money previously paid out, typically by a government or organization: A "clawback" is a provision that allows an entity to reclaim funds that were distributed, often because the payment was made in error, the conditions for the payment were not met, or circumstances have changed.
   • A sum of money recovered in such a way: "Clawback" can also refer to the specific amount of money that is taken back.

Usage Examples

• Noun:
  • The new legislation includes a clawback of executive bonuses if the company's performance later declines.
  • The government announced a tax clawback to recover overpaid subsidies.
  • The Treasury will find some clawback for the extra benefits members received.

Advanced Usage

• "Clawback provision": A contractual or legal clause that stipulates the conditions under which money can be reclaimed.
  • The contract's clawback provision allowed the investors to recover their funds if the project failed.
• "Subject to clawback": Describes money or benefits that may be recovered under certain conditions.
  • The performance-based bonuses are subject to clawback for the next three years.

Variants and Related Words

• Claw back (phrasal verb): The action of recovering money.
  • The company aims to claw back the losses from the failed venture.
• Recovery (n): The act of getting something back. (A more general synonym in financial contexts).
• Recoupment (n): The regaining or recovery of something, especially money.

Synonyms

• Recovery: The act of regaining possession or control of something.
• Recoupment: The action of regaining something lost or spent.
• Retrieval: The process of getting something back.

Related Phrasal Verbs

• Claw back: To regain or recover something, especially money or a right, with effort.
  • The government is trying to claw back the misallocated funds.

Related Idioms

Học thuật

Noun

1. finding a way to take money back from people that they were given in another way
   • the Treasury will find some clawback for the extra benefits members received