Definition of Penalty

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TeachMeFinance.com - explain Penalty




historic definition...

Penalty -- A sum of money stipulated to be forfeited and paid in case of the non-performance of the conditions of a contract.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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