clawback

noun

Definitions of clawback

English

a sum of money recovered, especially through taxation

The clawback from higher earners would amount to some £700m a year.

English

the recovery (=taking back) of money from people or businesses, especially through taxation, to pay for a benefit or tax allowance that they have received

Thanks to clawback provisions, Nasdaq repaid New Jersey the entire $542,856 Instinet had received.