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词汇 penalty-clause
释义 penalty clause
noun[ C ]
ukus
LAW
a statement in an official agreement of the amount of money that someone will need to pay if they fail to obey the rules of the agreement:
Check the small print before you sign any agreement and watch out for any penalty clauses.

Examples of penalty clause


penalty clause
It was not, strictly speaking, a penaltyclause.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
However the contract included a penaltyclause requiring payment of 50,000 per year should the owner require the museum to vacate the slipway.
From
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 prepayment penaltyclause is often included in the loan contract.
From
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 the penaltyclause is of free stipulation.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
A penaltyclause excludes a claim for damages.
From
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 the penaltyclause.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
For a contractual penaltyclause to be valid, one must show that it was drawn up after a bona fide attempt to estimate loss in advance of the breach.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
It could be used to create a penaltyclause, concentrating the mind on performance because if the building was not built you would have to pay money.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
If there is no penaltyclause will the work be finished in time?
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
It is most difficult this year because it is the first year in which the penaltyclause for the level of spending has been applied.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open 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.
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