Malus
Origin
From Latin, by analogy with bonus ("additional compensation")
Full definition of malus
Noun
malus
(plural maluses)- (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.