Definition of "clawback" [claw•back]

• 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. (noun)
• Money that a party is entitled to keep under one tax provision, but which is taken from them by another tax provision. (noun)
• Any recovery of a performance-related payment based on discovery that the performance was not genuine. (noun)

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• "The term clawback'' is bandied about more these days because of the preponderance of Ponzi schemes that have collapsed in recent years."
• "In the language of failed businesses, those calls are termed a "clawback" effort."
• "(But never any suggestion of "clawback" -- or getting back the profits that were made while creating the catastrophe.)"