penalty to be paid

  • 1penalty 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… …

    Law dictionary

  • 2penalty — pen·al·ty / pen əl tē/ n pl ties 1: a punishment that is imposed on a wrongdoer by statute or judicial decision 2: a pecuniary sum that by agreement is to be paid by a party who fails to fulfill an obligation to another and that is punitive… …

    Law dictionary

  • 3penalty — [pen′əl tē] n. pl. penalties [LME penalyte < ML poenalitas < L poenalis: see PENAL] 1. a punishment fixed by law, as for a crime or breach of contract 2. the disadvantage, suffering, handicap, etc. imposed upon an offender or one who does… …

    English World dictionary

  • 4penalty rates — UK US noun [plural] australian extra money that you are paid for working on days or at times when you would not normally work Thesaurus: extra payments and benefits in addition to wageshyponym wages and salariessynonym …

    Useful english dictionary

  • 5penalty — 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 …

    Useful english dictionary

  • 6penalty adjudged to be paid — A pecuniary penalty, not a penalty by imprisonment. 36 Am J2d Forf & P § 2. See fine …

    Ballentine's law dictionary

  • 7Penalty —   An amount paid in addition to normal because a contract condition was not met …

    International financial encyclopaedia

  • 8penalty rates — UK / US noun [plural] Australian extra money that you are paid for working on days or at times when you would not normally work …

    English dictionary

  • 9Fixed Penalty Notice — Fixed Penalty Notices (FPNs) were introduced in Great Britain in the 1950s to deal with minor parking offences. Originally used by police and traffic wardens, their use has extended to other public officials and authorities, as has the range of… …

    Wikipedia

  • 10early withdrawal penalty — Penalty paid by the holder of a fixed term investment penalizing an investor who withdraws money before the agreed upon maturity date. Bloomberg Financial Dictionary …

    Financial and business terms