Clawback

(redirected from claw back)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia, Wikipedia.

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 ?
Hopefully come the election we can clear out the whole sorry bunch, elect politicians who will change the law and claw back pay-offs to 'redundant' MPs, reduce excessive pension payments made and prosecute the home flippers.
Nothing will be paid until and unless performance criteria are achieved and awards are subject to claw back.
The city's Primary Care Trust has put together an action plan to help it claw back the huge cash deficit
The OST credit, the National Child Benefit Supplement have been of value to low income working families but of no value to families dependent upon social assistance because most provinces claw back these amounts when calculating welfare payments.
Even if Valencia fail to win, it seems almost impossible that this Madrid could claw back a four-point deficit in two games.
This is why the Commission has to take action and claw back these misspent EU aids.
Band and provincial governments are allowed to claw back the benefit to women who receive social assistance if they spend the clawed-back money on programs to assist low-income children.
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
Government funding is helping a council-led project claw back taxpayers' money lost to fraud.
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.