/klɔːbæk/ – Noun
Definition: Quy định để thu hồi hoặc giảm bớt một khoản tiền đã được trả hoặc một quyền lợi đã được cấp.
A more thorough explanation: 1. a sum of money recovered, especially through taxation
2. 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
Example: 1. The clawback from higher earners would amount to some £700m a year.
2. Thanks to clawback provisions, Nasdaq repaid New Jersey the entire $542,856 Instinet had received.