financial penalty
Cash-based punishment
A financial penalty is a sum of money that must be paid as punishment for breaking a rule, law, or contractual obligation.
Unlike fines imposed by courts or governments, financial penalties may also come from private entities like employers, sports leagues, or regulatory bodies.
The term emphasizes the monetary nature of the consequence: The company faced steep financial penalties for violating environmental regulations.
Late payments incur a financial penalty of 5% per month.
- parking ticketFine for illegal parking
- late feesPenalties for delayed payment
- overdraft feePenalty for spending beyond balance
- bounced check feePenalty for failed payment
- interest chargeCost of borrowing money
restitution · forfeiture · surcharge · asset seizure · clawback · punitive damages · confiscation · damages · disgorgement · punishment · court fees · trade sanctions · import duty · garnishment · asset freeze · embargo · default · tariff
- Islamic Lawsharia, Sharia, Shariah, Islamic law, fatwa
financial penaltycash prize
Money awarded to winners
financial incentive · bounty · payment · grant · compensation
financial penaltyimprisonment
Legal detention in jail
incarceration · jail time · prison sentence · corporal punishment · physical punishment
financial penaltyacquittal
Formal clearing of charges
exoneration · pardon · dismissal · vindication · absolution