Without Penalty

Without Penalty

Describing the early withdrawal of funds from a retirement plan without a penalty tax. A withdrawal without penalty is rare, and generally occurs only in the event of a major catastrophe, such as an unexpected illness.
References in classic literature ?
And so Hesiod says that oaths touching the matter of love do not draw down anger from the gods: `And thereafter he ordained that an oath concerning the secret deeds of the Cyprian should be without penalty for men.
Part of a larger plan to make the city more friendly to its small firms, the amnesty program allows companies to pay off delinquent taxes without penalty for a three-month period ending Dec.
After the initial 18 months of the loan, the loan may be prepaid upon 30 days notice without penalty.
The proceeds of the financing will replace temporary borrowings used on May 1, 1992, to redeem, without penalty, all of the Corporation's 7-3/4 percent notes, due April 1, 1994, that redemption having previously been announced by USLIFE Corporation on March 31, 1992, and to repay $100 million term bank indebtedness at its maturity on May 15, 1992.
Delta Air Lines (NYSE:DAL) has announced that customers who are scheduled to travel to, from or through selected Southeastern cities affected by winter weather can make changes to their travel schedule without penalty or fees.
We also negotiated a clause to let the board cancel the contract without penalty if the financing wasn't arranged by March 1, 1999.
The county's public health licenses expire June 30 of each year, but restaurants and cafeterias have until mid-September to pay the fee without penalty.
On 15 January, Delta Air Lines (NYSE: DAL) said that those customers who are scheduled to travel on flights to, from or through select airports in the south-eastern United States will be allowed to make changes to their travel plans without penalty or fees due to the severe winter weather in the area.
Prepayment provisions should be modified to allow the borrower to prepay the loan in full without penalty prior to the expiration of the term of the loan.
In addition, the consumer must have the option of canceling the transaction without penalty.
The facility has a stated maturity of January 27, 2011, is secured by certain of the Company's real estate, amortizes 1% per year until maturity and is pre-payable at any time without penalty.