Penalty: Difference between revisions
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==See also== | ==See also== | ||
*[[Breach]] | |||
*[[Default surcharge]] | *[[Default surcharge]] | ||
*[[Liquidated damages]] | |||
*[[Payables management]] | *[[Payables management]] | ||
*[[Penalty clause]] | |||
*[[Remedy]] | |||
*[[Sanction]] | |||
*[[Time deposit account]] | *[[Time deposit account]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 16:28, 3 November 2021
Penalties are generally designed to punish, or discourage, particular behaviour (or omissions).
In the finance context, penalties are usually money amounts.
Examples include tax penalties, penalty charges for late payment of debts, and loss of interest for early withdrawal of a fixed time deposit.
