A clawback or clawback provision is a special contractual clause typically included in employment contracts by financial firms. The aim of the clause is to secure an option for an employer to limit bonuses in case of catastrophic shifts in business, such as the financial crisis of 2007–2010. The term clawbacks or claw backs can also be used to r... Found on http://en.wikipedia.org/wiki/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 certa... Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosc.htm
In general, previously-given money or benefits that are taken back due to special circumstances.... <a target=_blank href='http://www.finance-glossary.com/terms/clawback.htm?id=252&ginPtrCode=00000&PopupMode=false' title='Read full definition of clawback'>more</a>
Found on http://www.finance-glossary.com/pages/home.htm
noun finding a way to take money back from people that they were given in another way; `the Treasury will find some clawback for the extra benefits members received` Found on https://www.encyclo.co.uk/local/20974