Example sentences with "economic penalty", translation memory . Isn’t it? penalty. Every penalty clause of the Criminal Code contains a fine category. Instead, contract drafters use the terms liquidated damages, delay payments, or late fees.Even the prepayment penalty is really not a penalty but compensation to a lender for the loss of … This definition gives better sense of penalty factor. Dictionary Definition . economic penalty.

Most contract drafters assiduously avoid the term because private penalties are not enforceable. Thus, penalty factor can also be defined as the ratio of cost incurred when transmission loss is taken into account to the cost incurred without having transmission loss. penalty - the disadvantage or painful consequences of an action or condition; "neglected his health and paid the penalty" disadvantage - the quality of having an inferior or less favorable position advantage , reward - benefit resulting from some event or action; "it turned out to my advantage"; "reaping the rewards of generosity" Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output). Definition of penalty: A punishment imposed for violating a law or agreement; money one will pay for breaking a law or violating part or all of the... Home Articles To derive, first of all we will have a look at the Coordination …

A news media analysis of the economic and reputational penalties of the hospital readmissions reduction program Legal Definition of penalty 1 : a punishment that is imposed on a wrongdoer by statute or judicial decision 2 : a pecuniary sum that by agreement is to be paid by a party who fails to fulfill an obligation to another and that is punitive rather than compensatory the court declined to enforce the contractual penalty and determined actual damages instead n. in criminal law, a money fine or forfeiture of property ordered by the judge after conviction for a crime. EurLex-2.

A payment required as a result of breaking the law or sometimes for breaching the terms of a contract.
Optimal penalty theory suggests that the expected total penalty (ie, economic and reputational penalties) should equal the social cost of the activity or behavior being penalized. Now we will derive its formula. Related Phrases.

Definition: Penalty. Derivation of Penalty Factor: Hope you understood the concept of penalty factor. What is the dictionary definition of Penalty? It is the act of creating an output, a good or service which has value and contributes to the utility of individuals. Sources. translation and definition "economic penalty", Dictionary English-English online. Cite Term.