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 ?
He noted that during the Marcos regime, there was practically no drug incidence for two years when the dictator Ferdinand Marcos implemented the death penalty.
Although the size of the HRRP penalty has been relatively small for most hospitals, 30-day readmission rates and the associated penalty for each hospital has been widely disseminated in the news media.
Thus the distribution was not subject to the 10% penalty tax.
6672 imposes a 100% penalty (trust fund recovery penalty) on "responsible persons" who willfully fail to pay over to the Service the amount of taxes otherwise due.
Smith's penalty period on the $100,000 gift--an "uncompensated transfer"--made in June 2006 does not begin until December 1, 2007, which is when she is both under the resource limit and in the nursing home receiving care and services.
They surrendered an early penalty kick after what appeared a poor call but rallied not long after for the equalizer.
This is a book that contains too much: extensive legal arguments, accounts of Prejean's activism, recycled material from Dead Man Walking, a chronicle of that book's success, and descriptions of death penalty developments in the last twelve years.
The order requires The Bank to pay a civil money penalty of $46,050, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.
Ever since I first accompanied a man to his execution in 1984, I had wanted to speak to the pope about the death penalty.
A penalty equal to 50 percent of the interest from the original due date through March 31, 2005 for amounts that become due and payable after March 31, 2005.
Ryan began to doubt the fairness of the death penalty in 1998 when Northwestern University Professor David Protess, investigator Paul Ciolino, and a team of journal-ism students proved Anthony Porter's innocence 48 hours before his scheduled execution.