1. a punishment, often a fine, which is imposed if something is not done or is done incorrectly or illegally

  2. an arbitrary pre-arranged sum that becomes payable if one party breaks a term of a contract or an undertaking. The most common penalty is a high rate of interest on an unauthorised overdraft.

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Corporate and Criminal Fraud Accountability Act
golden handcuffs
Sarbanes-Oxley Act of 2002 (SOX)
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