penalty charge

Fee for violations

A penalty charge is a fee imposed for violating rules or failing to meet obligations—typically for late payments, parking violations, or breaching contract terms.

Unlike standard fees, penalty charges are punitive rather than compensatory: The bank added a penalty charge for the overdraft.

In British usage, a penalty charge notice (PCN) is the formal ticket issued for parking infractions.

Related

parking ticket · late · parking · overdue · invoice · violation · infringement · meter · traffic warden · tow · clamp · notice · final notice · demand · pay up · payment · debt · debt collector

Categories
Opposites
financial consequence valence

penalty chargereward

Payment for service

bonus · rebate · prize · dividend · gratuity

fee type

penalty chargediscount

Reduced price offered

refund · credit · rebate · fee waiver · reduction

Family

penalty, charge, penal, penalize, penalized, penalizing, penalization, penalties, charges

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Negative · Everyday, not technical · Rated G