Penalty clause,
Definition of Penalty clause:
A clause in a contract stipulating a penalty for failure to fulfil certain of its obligations.
Provision in a contract that imposes a specified sum on the defaulting contracting party for a specified default.
Meaning of Penalty clause & Penalty clause Definition
Penalty Clause,
Penalty Clause: What is the Meaning of Penalty Clause?
Penalty Clause means, A clause in an agreement that states that a party who violates the agreement must pay a certain amount.
Literal Meanings of Penalty Clause
Penalty:
Meanings of Penalty:
Punishment for breaking a law, rule or contract
A disability is imposed on a player or team for violating the rules (in sports and games).
Sentences of Penalty
The charge carries a maximum sentence of ten years in prison.
He was fined only 6.40 times on the field.
Synonyms of Penalty
fine, retribution, sentence, sanction, punishment, punitive action, penance, mulct, forfeit
Clause:
Meanings of Clause:
A grammatical organizational unit that is located just below a sentence on a line and in traditional grammar, should consist of a subject and a prediction.
Articles, terms or conditions that are defined and separate from an agreement, law or contract.
Synonyms of Clause
section, note, point, paragraph, provision, item, passage, heading, requirement, condition, part, subsection, rider, article, specification, proviso, stipulation
Penalty Clause,
Penalty Clause: What is the Meaning of Penalty Clause?
A clause in an agreement that states that the party who violates the agreement must pay a certain amount.
Literal Meanings of Penalty Clause
Penalty:
Meanings of Penalty:
Punishment for breach of law, principle or agreement
Clause:
Meanings of Clause:
A grammatical organizational unit located just below the sentence line and is thought to consist of a subject and a prediction in traditional grammar.
Penalty Clause,
Penalty Clause:
A clause of the agreement which states that the party violating the agreement must pay a certain amount.
Literal Meanings of Penalty Clause
Penalty:
Meanings of Penalty:
Disability (in sports and games) imposed on a player or team for breaking the rules.
Sentences of Penalty
He took only 6.40 penalty on the field.
Clause:
Meanings of Clause:
The organizational unit of grammar, which is located immediately below the sentence in the line and in traditional grammar should consist of an article and a prediction.
Articles, terms or conditions that are set out and separate from an agreement, law or agreement.