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Penalty

A Law Dictionary and Glossary · George C. Kinney · 1893

A Law Dictionary and Glossary

A punishment; a punishment imposed by statute for the com mission of a specified offense; a pecuniary punishment, — a sum oi money by statute to be paid as a punishment for a certain act; a sum of money agreed on to be paid in case of non-performance of a contract; a sum of money named in a bond as a forfeit, if the obligor fails to perform according to the condition.