penalty under contract
1CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… …
2Contract bridge — Bridge declarer play Alternative name(s) Bridge Type trick taking Players 4 Skill(s) require …
3contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …
4penalty clause — n 1: a clause (as in a contract) that calls for a penalty to be paid or suffered by a party under specified terms (as in the event of a breach) and that is usu. unenforceable ◇ A penalty clause differs from a liquidated damages clause by not… …
5Contract — • The canonical and moralist doctrine on this subject is a development of that contained in the Roman civil law. In civil law, a contract is defined as the union of several persons in a coincident expression of will by which their legal relations …
6contract bridge — [kän′trakt΄] n. a form of bridge, developed from auction bridge, in which only the number of tricks named in the contract may be counted toward a game, additional tricks being counted as a bonus score * * * ▪ 2003 For a sample contract bridge… …
7penalty — ► NOUN (pl. penalties) 1) a punishment imposed for breaking a law, rule, or contract. 2) something unpleasant suffered as a result of an action or circumstance: feeling cold is one of the penalties of old age. 3) a penalty kick or shot. ● under… …
8Contract with America — Not to be confused with the Contract from America, 2010. The Contract with America was a document released by the United States Republican Party during the 1994 Congressional election campaign. Written by Larry Hunter, who was aided by Newt… …
9penalty — n. (pl. ies) 1 a a punishment, esp. a fine, for a breach of law, contract, etc. b a fine paid. 2 a disadvantage, loss, etc., esp. as a result of one s own actions (paid the penalty for his carelessness). 3 a a disadvantage imposed on a competitor …
10penalty — noun (plural penalties) 1》 a punishment imposed for breaking a law, rule, or contract. 2》 (in sports and games) a handicap imposed on a player or team for infringement of rules, especially a penalty kick. ↘Bridge points won by the defenders… …
