Penalty Clause

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Penalty clause

A clause found in contract agreements that provides for a penalty in the event of default.

Penalty Clause

In a contract, especially a loan agreement, a clause stating that the payer must pay extra in the event of a late payment and/or default. The penalty clause states the amount of the penalty and the circumstances under which it must be paid.

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Clausula de penalizacion Grandfather Clause prepayment penalty			13) Till what time would the penalty clause be in effect? Pertinent Questions to Be Asked before Taking a Home Loan by Bruce Swedal / Real estate industry community Can they assure us that all penalty clauses have been agreed, that the contractor will not go into administration, that all supplies have been ordered (local sources hopefully) and that the delivery dates are accurate and that everyone knows what they are doing? Road gloom looms; Mailbag by Huddersfield Daily Examiner (Huddersfield, England) 5m penalty clause if the contract was broken and all parties are refusing to pay the cash. Football Spy: Arshavin may pay the price by The Mirror (London, England)			Payup PBGC PBR PC PCAOB PCBs PCE PCX PE Peace Dividend Peak Pecking-Order View Pecuniary Bequest Peer-to-Peer PEFCO Peg PEG Ratio Pegged Exchange Rate Pegging PEH PEN Penalidad por salida anticipada Penalties penalty Penalty Bid Penalty Clause Penalty Fee Penalty for Underpayment of Estimated Tax Penalty Plan Penalty Tax Pence pencil out Penetration pennant Penni Penny Penny Stock Penny Stock Reform Act Pennying Pension Pension Benefit Guaranty Corporation Pension Cost Pension Fund Pension Liabilities Pension Maximization Pension Parachute Pension Plan Pension Protection Act of 2006 Pension Reversion Pension Rollover Pension Shortfall			Penalties in minutes Penalties, Disciplinary penalty penalty penalty penalty penalty penalty Penalty (ice hockey) penalty area Penalty area (football) penalty areas Penalty Assessment Funding Committee Penalty Based Simplex Method Penalty Bid Penalty Bids Penalty Bond Penalty Bond Penalty Bond Penalty Bond Penalty Bonds Penalty Bonds Penalty Bonds Penalty Bonds penalty box penalty box penalty box penalty boxes penalty boxes Penalty Charge Notice Penalty Clause Penalty Clauses Penalty Clauses Penalty Clauses Penalty corner Penalty corner Penalty corner Penalty corner (field hockey) Penalty corner (field hockey) Penalty Enforcement by Registration of Infringement Notice Penalty Fares Appeal Support Penalty Fee Penalty Fees penalty for delay Penalty for Early Withdrawal of Savings Penalty for Underpayment of Estimated Tax penalty free throw Penalty function Penalty Function Method penalty goal penalty imposed on an offender Penalty Infraction Minutes penalty kick penalty kick Penalty Kick (football) Penalty kick (soccer) Penalty Kick Goals Allowed Penalty Kick Goals Scored Penalty kicks Penalty Kicks Faced Penalty Kicks Missed

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