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clawback

clawback

2 8.8
To take back money already paid, often by law
  • noun
  • /ˈklɔːˌbæk/
  • Specialized
translation icon : recuperación
  • After the financial scandal, the board decided to initiate a clawback to regain funds that were improperly distributed.
  • clawback provisions

Examples

  • Personally, I've always thought the best clawback strategy would be a surtax on incomes over, say, $5 million.

    Blog text (30)
  • In response to that discovery, she offered up a payment equivalent to a two-year clawback.

    Blog text (23)
  • It's hard to get the other side to agree to clawback if they have no documents at risk.

    Academic text (2007)
  • Hopefully, the Fed can do a clawback before that happens because Congress has come to its senses.

    Blog text (5)
  • Parties also may enter into a type of "clawback" arrangement in which they agree to return documents mistakenly produced when they should have been excluded from discovery for privilege reasons.

    Academic text (2007)
  • Deferred incentive compensation that continues to vest after termination of employment will remain subject to the Citi clawbacks after termination of employment.

    Blog text (21)
  • Deferred incentive compensation awarded under DIRAP to any Citi employee, including the named executive officers, is subject to clawbacks (the Citi clawbacks).

    Blog text (21)
  • The company implemented a clawback policy to recover bonuses awarded to executives accused of wrongdoing.

  • Investors are concerned that the new contracts include a clawback clause to reclaim bonuses based on inflated earnings.

Synonyms

restitution
vsclawback
  • Specialized
38 6.9

Giving back something lost or paying money for damage

reclaims funds that were already paid or awarded, usually by legal means
recoupment
vsclawback
  • Formal
1 7.7

To get back money that you lost or paid out

applies when funds were already paid or awarded and reclaimed by law

How Severe

confiscation
15 5.4
clawback
  • Specialized
2 8.8
recapture
  • Formal
8.9
penalty
160 2.9
fine
321 2.8
adjustment
  • Specialized
40 3.7

Surface Forms

clawback singular
clawbacks plural

Morphology

clawback = claw (semi-transparent) = back + claw

The compound literally suggests 'taking back' with force (claw + back), but the established financial/legal sense 'reclaiming paid funds' is a specialized, metaphorical extension. [Postprocessing: moved 'back' from base_words to prefix]

Etymology

Clawback paints a picture: it's like an animal's claw grabbing something and pulling it back ('to take back'), so a clawback is money taken back after it has already been paid.