Meaning ofclawbacksin English

Noun

1. reclaiming performance-based payments (for fraud, etc.)
   The company faced clawbacks of bonuses due to fraudulent activities.
2. tax provision contradictions; taking back entitlements
   The government implemented clawbacks on tax entitlements to reduce budget deficits.
3. recovery of mistakenly shared materials; correcting errors
   The company initiated clawbacks of confidential documents sent to the wrong recipient.