1. a recovery or reclamation of money or benefits that were previously paid or granted
Usage: commonly used in finance, employment, and government contexts
2. a contractual provision allowing a company to recover compensation (such as bonuses or stock options) from an employee under specified conditions
Usage: business and employment law

Examples

• The bank implemented a clawback policy to recover bonuses from executives involved in the scandal.
• Shareholders demanded a clawback of executive compensation after the company's poor financial performance.
• The government announced a clawback of overpaid benefits to welfare recipients.
• New regulations include clawback provisions for corporate officers who engage in misconduct.
• The insurance company initiated a clawback of fraudulent claims that had been paid out.
• Investors hoped for a clawback of funds lost in the failed investment scheme.