malus - What does it mean?
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Definition of 'malus'English
Noun
( es)
(business) The return of performance-related compensation originally paid by an employer to an employee as a result of the discovery of a defect in the performance.
- When bank fired the loan originator, they recovered the last two years of her bonuses under the malus clause in her contract.
Usage notes
* Might occur in financial services in connection with defaulted loans.
Synonyms
* clawback
Coordinate terms
* (l)
Anagrams
*
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