Clawback (Noun)
Meaning
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".
Classification
Nouns denoting acts or actions.
Examples
- The government has introduced a new clawback policy to recover excess funds paid to welfare recipients.
- The company will implement a clawback provision to reclaim bonuses paid to executives who failed to meet performance targets.
- The court ordered a clawback of the inheritance paid to the beneficiaries, citing irregularities in the will.
- The university will impose a clawback on students who received excessive financial aid due to errors in their applications.
- The government is considering a clawback of the tax refunds issued to individuals who claimed ineligible deductions.