Monetary Penalty
/ˈmʌnɪtɛri ˈpɛnəlti/
Definitions
- (n.) A financial penalty imposed by a regulatory or judicial authority for violation of laws or regulations.
The company was subjected to a monetary penalty for breaching environmental regulations.
Forms
- monetary penalties
Related terms
See also
Commentary
Monetary penalties serve as deterrents or punishments and differ from compensatory damages in purpose and application.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.