Penalty
Legal definition for Indian law research
Definition
penalty
pl: -ties
1 : a punishment that is imposed on a wrongdoer by statute or judicial decision
2 : a pecuniary sum that by agreement is to be paid by a party who fails to fulfill an obligation to another and that is punitive rather than compensatory [the court declined to enforce the contractual and determined actual damages instead]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.