clawback

listen to the pronunciation of clawback
Английский Язык - Турецкий язык
(Ticaret) geri alma
Английский Язык - Английский Язык
Money that a party is entitled to keep under one tax provision, but which is taken from them by another tax provision
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
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.

A practice whereby a pension scheme will offset an amount equivalent to the state pension against a target pension so as to arrive at the amount payable by the scheme If commission is paid to an intermediary by a financial institution for the introduction of business and this does not stay in force for a certain pre-determined period a part of the commission may be repayable to the institution This is known as 'clawback' The practice is more prevalent among insurance companies
A clawback obligation represents the general partner's promise that, over the life of the fund, the managers will not receive a greater share of the fund's distributions than they bargained for Generally, this means that the general partner may not keep distributions representing more than a specified percentage (e g , 20%) of the fund's cumulative profits, if any When triggered, the clawback will require that the general partner return to the fund's limited partners an amount equal to what is determined to be "excess" distributions Click here for more detail
A flatterer or sycophant
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"
To flatter
Terms of sale enabling the vendor to receive, in defined circumstances, a proportion of any subsequent profit made by the purchaser after sale - for example following the disposal of surplus land or other assets, or if the purchaser disposes of the business
This term refers to the amount of Old Age Security (OAS) payments that are repaid through a special tax on high income pensions
Flattering; sycophantic
clawback
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