penalty clause
penalty clause 处罚条款 合同、贷款协议、储蓄单等文据中的条款,规定违约、迟延或未按时付款、提前支取者等应支付罚款。此项条款一般不能强制执行。
penalty clause. A contractual provision that assesses against a defaulting party an excessive monetary charge unrelated to actual harm. • Penalty clauses are generally unenforceable. — Often shortened to penalty. — Also termed penal clause. Cf. LIQUIDATED-DAMAGES CLAUSE; LIMITATION-OF-REMEDIES CLAUSE . [Cases: Damages 76, 80. C.J.S. Damages §§ 176, 185–187, 190–192, 194.] “It not infrequently
A contractual provision that assesses against a defaulting party an excessive monetary charge unrelated to actual harm. • Penalty clauses are generally unenforceable. — Often shortened to penalty. — Also termed penal clause. Cf. LIQUIDATED-DAMAGES CLAUSE; LIMITATION-OF-REMEDIES CLAUSE. [Cases: Damages 76, 80. C.J.S. Damages §§ 176, 185–187, 190–192, 194.]
处罚条款 英语:penalty clause 法语:clause pénale 德语:Vertragsstrafen- klausel 意大利语:clausola penale in genere 西班牙语:cláusula penal