clawback

See also claw back

English

Noun

clawback (plural clawbacks)

1. (US law of evidence) A rule that permits a party to take back evidentiary materials that were mistakenly turned over to the other party, but to which the other party would not have been entitled.
2. (US taxation law) Money that a party is entitled to keep under one tax provision, but which is taken from them by another tax provision.
3. (US, business) Any recovery of a performance-related payment based on discovery that the performance was not genuine.

   The airline got a clawback provision in the event of failure of the engines to meet fuel-consumption targets.

Synonyms

• (business: recovery of performance payment): malus

Coordinate terms

• disgorgement