clawback
C1CEFR level
58/100Rarity: uncommon
TechnicalRegister
Law noun
A contractual right to recover money or shares already paid out.
The bonus was subject to clawback if the accounts were later restated.
Business noun
A contractual right to reclaim money already paid out, often bonuses after misconduct or a restatement.
The compensation committee triggered the clawback provision and recovered three years of the ousted CFO's incentive pay.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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