Clawback

Quick meaning: Clawback is a noun meaning (US taxation law) Money that a party is entitled to keep under one tax provision but is taken by another tax provision.

Meaning

(US taxation law) Money that a party is entitled to keep under one tax provision but is taken by another tax provision.

More Meanings

1. (US, business) Any recovery of a performance-related payment based on discovery that the performance was not genuine.
2. (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.
3. (obsolete) A flatterer or sycophant.

Example Sentences

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

Take hede of theſe claubackes, theſe venemous people that wil come to you, that will folowe like Gnatoes and Paraſites, if you folowe them, you are oute of your boke.

Word Forms

• clawbacks

Synonyms for clawback

Depending on context, synonyms include malus.

Related Words

Related dictionary entries include repossession, reclaimed, salvaging, reclamation, payback, recovery.

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