The term clawback or claw back refers to any money or benefits that have been given out, but are required to be returned (clawed back) due to special circumstances or events, such as the monies having been received as the result of a financial crime, or where there is a clawback provision in the executive compensation contract.[1][2]
In law, clawback is most commonly known as restitution.
- ^ "Clawback". Investopedia.
- ^ Claw Back | Definition of Claw Back by Merriam-Webster