Clawback

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Clawback

A dividend clawback is an arrangement whereby the equity owners commit to use dividends they have received in the past to finance the cash needs of the project or corporation in the future. Clawback has a more general definition. For example, premiums paid on an insurance policy may be refunded (or clawed back) if the policy is cancelled in a certain time frame. Such an arrangement is specified in the contract and referred to as a clawback provision.

Clawback

1. A drop in a security's price after a previous rise.

2. Money that must be refunded or given back for some reason or other. The term especially applies to tax advantages extended to a taxpayer subject to certain conditions that the taxpayer did not fulfill.

clawback

1. A provision in an incentive stock option that requires an employee to reimburse the company for any gains from exercising options in the event the employee goes to work for a direct competitor within a specified number of months of exercise.
2. Excessive management share of profits that must be refunded to investors of a venture capital fund. A clawback is required when managers of a venture capital fund take a contractual share of early investment gains that are subsequently reduced by losses.
References in periodicals archive ?
GOOD GRIEF: Monty swears he will claw back to lift the Goodwill Trophy today
The city's Primary Care Trust has put together an action plan to help it claw back the huge cash deficit
Unlike the British the Dutch have had to determinedly and ingeniously claw back much of their land from the grip of the sea giving rise to a heightened and very particular relationship between people and topography MVRDV's extraordinary club sandwich of a building is both a meditation on this relationship and a speculation on how it might evolve in the future it also touches lightly on issues of topical global significance of how to reconcile increases in population density with the fragility of nature and quality of human life.
Global Banking News-November 17, 2016--Deutsche Bank to claw back bonuses
The impact of the mis-selling scandal, which involved the sale of insurance alongside loans to cover repayments if borrowers fell ill or lost their jobs, cost the bank pounds 3.2bn in 2011, prompting today's claw back move.
Where its audits show that the responses are not good enough to prove that the CAP money has been spent properly, it has the power to claw back money in arrears.
CHANCELLOR George Osborne has launched an ambitious raid on rich tax dodgers who hide their money overseas in an attempt to claw back huge sums of money.
ANGLO Irish want to claw back the EUR1.75m shamed Seanie Fitzpatrick pumped into his wife's pension.
DAVID Cameron was committing the Tories to a new tax on banks today as both main parties battle to convince voters they would claw back billions of pounds from the sector.
Summary: Sir Alex Ferguson is certain his side can claw back Chelsea's five-point advantage at the top of the Premier League.
To the best of my knowledge, this claw back does not apply to non-governmental pension plans.
And the Government can claw back up to 15 per cent of the value of the old person's house or other assets which may be due after the person's death.