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clawback

Line breaks: claw|back
Pronunciation: /ˈklɔːbak
 
/

Definition of clawback in English:

noun

British
An act of retrieving money already paid out, typically by taxation: a clawback of tax relief [mass noun]: the bonds will be subject to clawback
More example sentences
  • Staff can begin liquidating holdings after three years, but may then be subject to a tax clawback, on a sliding scale.
  • If the property is sold before the end of this period, it may result in a clawback of the tax relief already granted.
  • To qualify for the relief, the nursing home must be registered with a health board and it must be retained by investors for 10 years to avoid a clawback of the tax relief.

Definition of clawback in:

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