clawback

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Definitions from WordNet

Noun clawback has 1 sense

clawback - 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"
--₁ is a kind of restitution, return, restoration, regaining

Definitions from the Web

Clawback

Noun:

1. A clawback refers to the legal right of an organization or authority to recover funds that have been disbursed to an individual or entity. It is typically exercised in situations where the recipient has not fulfilled certain obligations or has engaged in fraudulent activities.

Example sentence: The government implemented a clawback to retrieve the funds from the company involved in the financial scandal.

Verb:

1. To claw back means to recover or take back funds or assets that have been disbursed or granted previously.

Example sentence: The bank decided to claw back the loan after discovering the borrower's inability to repay.

Adjective:

1. Clawback, when used as an adjective, describes something that is related to the process of recovering funds or assets.

Example sentence: The lawyer explained the clawback provisions of the contract to ensure the client's protection.

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