clawback
/ˈklɔːbæk/ noun [C or U]Definition
› FINANCE a situation in which a government or company takes back money that it has already paid: A Parliamentary motion called for the clawback of tax credit overpayments.a clawback clause/provision Company clawback provisions would force executives who commit fraud to return bonuses and pay.
› STOCK MARKET a gradual increase in the the price of a share after it has gone down: The airline managed a clawback of 4.1% of Monday's 7% fall.
› UK STOCK MARKET an offer to investors who already own shares in a company the right to buy some of the shares that it has offered to new investors: New shares were placed on a 6% discount to the market price, with a clawback to existing company shareholders.
(Definition of clawback noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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