clawback
noun[CorU]
uk/ˈklɔːbæk/usFINANCE
asituationin which agovernmentorcompanytakesbackmoneythat it has alreadypaid:
A Parliamentarymotioncalled forthe clawback oftaxcreditoverpayments.
a clawback clause/provisionCompany clawbackprovisionswouldforceexecutiveswhocommitfraudtoreturnbonusesandpay.
STOCK MARKET
agradualincreasein thepriceof ashareafter it has gone down:
Theairlinemanagedaclawback of4.1% of Monday's 7%fall.
STOCK MARKETUK
anoffertoinvestorswho already ownsharesin acompanytherighttobuysome of thesharesthat it hasofferedto newinvestors:
Newshareswereplacedon a 6%discountto themarketprice, with a clawback toexistingcompanyshareholders.