clawback
See also: claw back
English
Etymology
claw + back. In the financial senses, refers to something being "clawed back", or reclaimed; in the sense of a flatterer, it suggests the idea of a person's back being scratched (see scratch someone's back).
Noun
clawback (countable and uncountable, plural clawbacks)
- (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.
- (US taxation law) Money that a party is entitled to keep under one tax provision but is taken by another tax provision.
- (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.
- (obsolete) A flatterer or sycophant.
- 1549 March 25 (Gregorian calendar), Hughe Latymer [i.e., Hugh Latimer]; Augustine Bernher, compiler, “[27 Sermons Preached by the Ryght Reuerende Father in God and Constant Matir of Iesus Christe, Maister Hugh Latimer, […].] The Second Sermon of Maister Hughe Latimer, which He Preached before King Edward [VI].”, in Certayn Godly Sermons, Made uppon the Lords Prayer, […], London: […] John Day, […], published 1562, →OCLC, folio 36, verso:
- 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.
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Synonyms
- (business: recovery of performance payment): malus
Coordinate terms
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