from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. 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.
- n. Money that a party is entitled to keep under one tax provision, but which is taken from them by another tax provision.
- n. Any recovery of a performance-related payment based on discovery that the performance was not genuine.
from the GNU version of the Collaborative International Dictionary of English
- adj. Flattering; sycophantic.
- n. A flatterer or sycophant.
- transitive v. To flatter.
from The Century Dictionary and Cyclopedia
- n. . Literally, one who claws the back; hence, one who fawns on another; a sycophant; a wheedler.
- n. Same as back-scratcher, 1.
- To fawn on; curry favor with.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. finding a way to take money back from people that they were given in another way
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.)
Securities & Exchange Commission, the firm's board of directors on Dec. 18 adopted an executive incentive compensation recovery - or "clawback" - policy.
The clawback is the latest development in a trading scandal that continues to ripple through UBS.
The bankruptcy trustee, however, filed a so-called clawback lawsuit against the bank that sought return of the money as ill-gotten gains.
Moreover, if demand from Hong Kong retail investors exceed certain levels, a rule known as a clawback requires that they be given a greater percentage of the offering.
Mr. Becker's involvement potentially influenced whether investors who got money out of the Madoff operation before it was exposed could be shielded from so-called "clawback" lawsuits brought by those liquidating the Madoff estate.
To return money to investors who lost money, the trustee has filed so-called "clawback" suits against many "net winners"- people who got more out of Madoff accounts than they put in.
Mr. Picard must file any so-called clawback lawsuits by December, the two-year anniversary of Mr. Madoff's arrest and the filing of regulatory proceedings against him.