Penalty: Difference between revisions
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*[[Default surcharge]] | *[[Default surcharge]] | ||
*[[Payables management]] | *[[Payables management]] | ||
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[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 08:08, 14 December 2019
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.
