Definition, Meaning & Synonyms
claw-back
noun
/ˈklɔː ˌbæk/
Definition
Claw-back refers to a provision allowing an entity to reclaim money that has already been disbursed, often after certain conditions are met, or in cases of poor performance.
Examples
- The company had to implement a claw-back policy to retrieve bonuses from executives if the company’s results were later found to be misstated.
- Under the new regulations, institutions can claw back any bonuses paid out in the event of significant losses.
Meaning
To recover funds or benefits that have been granted, particularly in business or financial contexts.
Synonyms
- Recovery
- Reclamation
- Retrieval
