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PENALTY (Lat. poena, punishment)

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Originally appearing in Volume V21, Page 84 of the 1911 Encyclopedia Britannica.
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PENALTY (See also:Lat. poena, See also:punishment) , in its See also:original meaning, a punishment inflicted for some violation of the See also:law or See also:rule of conduct. Although still freely used in its original sense in such phrases, for example, as " the See also:death penalty," " the penalty of rashness," &c., the more usual meaning attached to the word is that of a pecuniary mulct. Penalty is used specifically for a sum of See also:money recovered by virtue of a penal See also:statute, or recoverable in a See also:court of See also:summary See also:jurisdiction for infringement of a statute. A sum of money agreed upon to be paid in See also:case of non-performance of a See also:condition in a See also:bond or in See also:breach of a See also:contract or any stipulation of it is also termed a penalty (see See also:DAM AGES).

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