Penalty: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add links.) |
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==See also== | ==See also== | ||
*[[Breach]] | |||
*[[Default surcharge]] | *[[Default surcharge]] | ||
*[[Liquidated damages]] | |||
*[[Payables management]] | *[[Payables management]] | ||
*[[Penalty clause]] | *[[Penalty clause]] | ||
*[[Remedy]] | |||
*[[Time deposit account]] | *[[Time deposit account]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 09:49, 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.
