penalty


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Related to penalty: death penalty

penalty

A payment required as a result of breaking the law or sometimes for breaching the terms of a contract. Most contract drafters assiduously avoid the term because private penalties are not enforceable. Instead, contract drafters use the terms liquidated damages, delay payments, or late fees.Even the prepayment penalty is really not a penalty but compensation to a lender for the loss of income suffered when a loan is paid off earlier than the terms allow.

References in periodicals archive ?
That I would never commit a heinous crime because I will be penalized and death penalty imposed on me,' Aguirre said.
The purpose of this study is to investigate whether readmission penalties under HRRP impose significant reputational effects on hospitals and whether these effects vary based on the size of the penalty.
They can roll over the balance into their own IRA and pay no tax, in which case distributions from that IRA before age 59 1/2 will be subject to the 10% penalty unless one of the other exceptions applies.
They must determine the existence and penalty periods of any gifts that might render an applicant ineligible for Medicaid, obtain a current appraisal of the property involved (including whether the applicant's equity in the home renders them Medicaid-ineligible), and determine the existence of an annuity for which the state must be named the remainder beneficiary.
Henry, Ribery and the electric Malouda took charge in the second half, creating three chances in succession -- the last a genuine penalty, with Gianluca Zambrotta clanging into Malouda.
Prejean vows to keep working for an end to the death penalty, and that is good news.
The order requires the Bank of Pontiac to pay a civil money penalty of $32,550, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.
I wrote that some of what he had said in the encyclical Evangelium Vitae had been wonderful and had pushed the death penalty to the edge.
Undisclosed transactions that lack "economic substance" (under proposed statutory criteria) could draw a 40 percent penalty.
But the real racism in the death penalty is not in the race of the murderer, but in the race of the victim.
If someone has good credit, [they] may be offered a much lower interest rate in exchange for the prepayment penalty.
The imposition of the death penalty is racially biased: Nearly 90% of persons executed were convicted of killing whites, although people of color make up over half of all homicide victims in the United States.