Claw Back occurs if a company makes a share issue that isn't a straightforward rights issue. The existing shareholders have the right to buy back a proportion of the new shares already placed with subscribing investors.
Claw Back Clause: The ability to recover prior project cash flows that may have been distributed to the sponsors. A claw back is used if there is a shortage of funds to meet defined operating expenses such as maintenance or debt service.
In retirement, those with individual incomes over $66,000 face an extra 15% marginal income tax to claw back their old age pension. With this extra 15% their marginal income tax rates are (in Ontario) 48% at $66,000 and rising to 58% at $82,000.
Often accompanies additional share placings by quoted companies and gives the right to claw back shares, usually at below the market price, that have been placed with instructions.
opening purchase
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the European arm of Lehman Brothers was fond of using collateral posted by its clients as collateral for activities of its own. The practice seemed harmless until the broker went bust, leaving hundreds of funds facing a long struggle to claw back ...
 See also: Banks, Expense, Offer price, Fixed dividend, Administration
  
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