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Clawback

usgb/ˈklɔːbæk/Volume
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Financial CorrectionsPlay
Clawback often involves correcting financial overpayments or errors. SlideThe pension fund executed a clawback to correct overpaid benefits.
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Government ActionsPlay
A government uses clawback to reclaim funds from tax incentives when conditions aren't met. SlideAfter the factory closed, a tax clawback was issued to the company.
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Legal ComplicationsPlay
Clawbacks can lead to legal disputes over the legitimacy of reclaiming funds. SlideThe clawback provision in the contract led to a court case.