penalty clause
clause in contracts, loan agreements, and other obligations allowing a financial institution to assess penalties for early withdrawal from a savings account, late payments on an installment loan, or breach of contract.
Penalty Clause.
Clause in a countertrade contract that specifies sanctions against one or both signatories of the contract in the event of nonperformance on contractual obligations.
Penalty clause
A clause found in contract agreements that provides for a penalty in the event of default.
Penalty tax ...
Penalty Clause
In contrast to the bonus clause, this provision of the contract provides for a reduction of the amount payable under a contract if the contractor fails to meet specified targets or project specifications.
Penalty clause
"A clause that a purchaser can put into, for example, an istisna' agreement whereby the price of an item being manufactured would decrease in the case of a delay in delivery by the seller/manufacturer whereby the delay benefits the ...
Many firms also set bonus or penalty clauses to make sure that each lawyer achieves their billable hour quota. This can exert pressure on both home and work life with longer hours in the office.
Liability, Civil Damages Awarded (insurance term)
penalty clause
Redress Relief
Compensatory Damages
settlement
immunologic cytotoxicity (immunology)
Money Damages (insurance term)
Double (Treble) Damages (business term) ...
Making transactions in a security, currency, or commodity in order to stabilize or target its value through market intervention.
Penalty clause ...
Another reason for brokers to use contract chicanery and slip in prepayment provisions is that a mortgage with a prepayment penalty clause brings additional percent of the loan amount to the broker when the loan is sold on the secondary market, ...
 See also: Banks, Fraud, Prepayment penalty, Prepayment, Expense
  
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