Definition, Meaning & Synonyms

penalty-fee

noun
/ˈpɛnəlti fiː/
Definition
A charge imposed on an individual or organization for violating a term of an agreement or rule.
Examples
  • If you fail to return the book on time, you will incur a penalty-fee.
  • Many subscription services have a penalty-fee for early cancellation.
  • They added a penalty-fee to the invoice due to the late payment.
Meaning
A penalty-fee is a monetary charge that is typically applied when a certain condition is breached, such as late payment or cancellation of a service.
Synonyms
  • late fee
  • fine
  • charge
  • additional fee