penalty clause
noun[C]
ukusLAW
astatementin anofficialagreementof theamountofmoneythat someone will need topayif theyfailtoobeytherulesof theagreement:
Check thesmallprintbefore yousignanyagreementandwatchout for anypenaltyclauses.
Examplesofpenalty clause
penalty clause
It was not, strictly speaking, apenaltyclause.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.However the contract included apenaltyclauserequiring payment of 50,000 per year should the owner require the museum to vacate the slipway.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.As another way to compensate for prepayment risk (which is a reinvestment risk), a prepaymentpenaltyclauseis often included in the loan contract.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.When such transfer occurs to foreign clubs, the amount of thepenaltyclauseis of free stipulation.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Apenaltyclauseexcludes a claim for damages.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Paragraph 4 of that same article establishes an automatic annual reduction on thepenaltyclause.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.For a contractualpenaltyclauseto be valid, one must show that it was drawn up after a bona fide attempt to estimate loss in advance of the breach.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It could be used to create apenaltyclause, concentrating the mind on performance because if the building was not built you would have to pay money.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.If there is nopenaltyclausewill the work be finished in time?
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
It is most difficult this year because it is the first year in which thepenaltyclausefor the level of spending has been applied.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
- idyllically
- idée fixe
- idées fixes
- i.e.
- i-e
- IEA
- IED
- IELTS
- if
- IFA
- if all else fails
- if-all-else-fails
- if and when
- if-and-when
- if anything
- if-anything
- if at first you don't succeed, try, try again
- if-at-first-you-don-t-succeed-try-try-again
- IFC
- I fear
- i-fear
- i-feel-etc-pain
- I feel you
- i-feel-you
- I feel your/his, etc. pain