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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time deposit
Corporate and Criminal Fraud Accountability Act
Insider Trading Sanctions Act of 1984
golden handcuffs
Securities Act of 1933
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offshore financial centre
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