penalty

penalty
An arbitrary prearranged sum that becomes payable if one party breaches a contract or undertaking. It is usually expressly stated in a penalty clause of the contract. Unlike liquidated damages, a penalty will be disregarded by the courts and treated as being void. Liquidated damages will generally be treated as a penalty if the amount payable is extravagant and unconscionable compared with the maximum loss that could result from the breach. However, use of the words 'penalty' or 'liquidated damages' is inconclusive as the legal position depends on the interpretation by the courts of the clause in which they appear.

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  • penalty — [ penalti ] n. m. • 1898; mot angl. « pénalisation », même rac. que pénal ♦ Sport Faute grave commise par un footballeur dans la surface de réparation de son camp. L arbitre a sifflé le penalty. Il y a penalty. ♢ Coup de pied tiré de l intérieur… …   Encyclopédie Universelle

  • penalty — 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

  • penalty — pen‧al‧ty [ˈpenlti] noun penalties PLURALFORM [countable] 1. a punishment for breaking a law or rule: penalty for • There will be increased penalties for dumping oil at sea. • The offence carries a maximum …   Financial and business terms

  • Penalty — Pe nal*ty, n.; pl. {Penalties}. [F. p[ e]nalit[ e]. See {Penal}.] 1. Penal retribution; punishment for crime or offense; the suffering in person or property which is annexed by law or judicial decision to the commission of a crime, offense, or… …   The Collaborative International Dictionary of English

  • Penalty — [ˈpɛnl̩tɪ] (engl.: Strafe, Sanktion) bezeichnet im deutschen Sprachraum meistens den mit dem Fuß zu tretenden Strafstoß im Fußball und Rugby. einen Strafschuss bei verschiedenen Hockeyarten, siehe Penalty (Eishockey). den Strafwurf beim Kanupolo …   Deutsch Wikipedia

  • Penalty — o penalti (del ingl. «penalty»; pl. «penaltys» o «penaltis») m. En fútbol y otros deportes, máxima sanción que consiste en permitir que un jugador solo ante el portero del equipo contrario tire directamente a gol, como castigo a este equipo por… …   Enciclopedia Universal

  • penalty — ► 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… …   English terms dictionary

  • penalty — pénalty (angl.) / penálti ( nal ti) s. n., art. pénalty ul / penáltiul ( ti ul); pl. pénalty uri / penáltiuri Trimis de gall, 20.02.2008. Sursa: DOOM 2 …   Dicționar Român

  • penalty — penalty, casarse de penalty ► casarse, ► casarse de penalty …   Diccionario del Argot "El Sohez"

  • penalty of — With liability in case of infraction to the penalty of ● penalty …   Useful english dictionary

  • penalty — {{hw}}{{penalty}}{{/hw}}(sport) Nel calcio, calcio di rigore …   Enciclopedia di italiano

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