1. Corporate finance.
In certain placings, the right of existing shareholders to buy the shares being placed.
Clawback entitlements apply to large placings or to placings priced at a significant discount, and have the effect of enabling existing shareholders to preserve their interest and proportionate control in the company making the placing.
The reversal of all or part of a tax credit or relief given previously.
The repayment or reversal of all - or part of - any amount paid or credited previously.