Prepayment Penalty

Business / Loan / Prepayment Penalty: The charge which can be imposed if you pay off your loan before maturity. The Truth in Lending Disclosure Statement will show whether a loan has a prepayment penalty.

Other Words for Penalty

Penalty Adjective Synonyms: punishment, discipline, penance, sentence, forfeit, fine, handicap, price, mulct, amercement, imprisonment, incarceration
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Penalty Shootout

Entertainment / Ice Hockey / Penalty Shootout: A method of deciding a winner, in amateur hockey, if the score is still tied after one overtime period. Each team designates five shooters and a goalie, and the teams alternate penalty shots, with a d MORE

Penalty Shot

Entertainment / Ice Hockey / Penalty Shot: A shot on goal, with only the goaltender defending, awarded for certain infractions. The player taking the shot is given the puck at the center ice spot and must keep the puck moving forward once acro MORE

Penalty Minutes

Entertainment / Ice Hockey / Penalty Minutes: A statistic that shows the amount of penalty time accumulated by a player or team. MORE

Penalty Killer

Entertainment / Ice Hockey / Penalty Killer: A player expert at backchecking and keeping or gaining control of a loose puck under difficult circumstances who is trained to break up a power play when his team is shorthanded. MORE

Penalty Box Assistant

Entertainment / Ice Hockey / Penalty Box Assistant: This is an off-ice official who is in charge of allowing players back on the ice after they have finished serving their penalty. MORE

Penalty clause

Business / Construction / Penalty clause : A provision in a contract that provides for a reduction in the amount otherwise payable under a contract to a contractor as a penalty for failure to meet deadlines or for failure of the project to mee MORE

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