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  2. Dictionary

    claw·back
    [ˈklôˌbak, ˈkläˌbak]
    noun
    BRITISH ENGLISH
    clawback (noun) · clawbacks (plural noun) · claw-back (noun) · claw-backs (plural noun)
    1. the recovery of money already disbursed:
      "funds that are not subject to any clawback by the government"
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    What is a clawback policy?A clawback is a contractual provision whereby money already paid to an employee must be returned to an employer or benefactor, sometimes with a penalty. Many companies use clawback policies in employee contracts for incentive-based pay like bonuses. They are most often used in the financial industry. Most clawback provisions are non-negotiable.
    What does clawback mean?Get Word of the Day daily email! The meaning of CLAWBACK is the act or an instance of getting back money or benefits previously given out. How to use clawback in a sentence.
    Will there be a clawback?There has to be clawback - we know that. He estimated that the total clawback will be more than 100 million. It refused to say whether another clawback was likely. There are two main devices being suggested to moderate bonuses payments - deferral and clawback. So much for his clawback promises — meaningless.
    What is a clawback provision?A clawback provision is a contractual clause typically included in employment contracts by financial firms, by which money already paid to an employee must be paid back to the employer under certain conditions.
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