penalty noun definition in Economy topic from the Oxford Advanced Learner's Dictionary


 noun: Economy topic
a punishment for breaking a law, rule or contract to impose a penalty Assault carries a maximum penalty of seven years' imprisonment. penalty (for something) The penalty for travelling without a ticket is £200. Contractors who fall behind schedule incur heavy financial penalties. a penalty clause in a contract You can withdraw money from the account at any time without penalty. Harsher penalties are being imposed for crimes involving firearms.

Explore synonyms and entries related to Economy


Explore other topic groups related to Economy