clawback Definition
the act of taking back money or benefits that have already been paid, typically as a result of overpayment or fraud.
Using clawback: Examples
Take a moment to familiarize yourself with how "clawback" can be used in various situations through the following examples!
Example
The company implemented a clawback policy to recover executive bonuses in case of financial misstatements.
Example
The government is seeking to claw back millions of dollars in overpayments made to welfare recipients.
Example
The bank is entitled to claw back the signing bonus if the employee leaves within a year.
clawback Synonyms and Antonyms
Synonyms for clawback
Summary: clawback in Brief
'Clawback' [klaw-bak] refers to the act of taking back money or benefits that have already been paid, often due to overpayment or fraud. It is commonly used in corporate and government contexts, such as when recovering executive bonuses or welfare overpayments. For example, 'The bank has a clawback provision in the contract to recoup the signing bonus if the employee leaves early.'
