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clawbacks

The correct spelling is clawbacks.

How to pronounce clawbacks

noun

Say it like: Cla-wba-ks

The correct spelling is clawbacks. 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. For example: "The airline got a clawback provision in the event of failure of the engines to meet fuel-consumption targets."

Usage Examples

The airline got a clawback provision in the event of failure of the engines to meet fuel-consumption targets.

Definition

noun

  1. 1.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.
  2. 2.Money that a party is entitled to keep under one tax provision but is taken by another tax provision.
  3. 3.Any recovery of a performance-related payment based on discovery that the performance was not genuine.
  4. 4.A flatterer or sycophant.

Similar words

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