(1) a provision in a promissory note specifying a penalty for late payments. (2) a clause in a savings certificate specifying a penalty for premature withdrawal of funds.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). penalty clause. Retrieved September 21, 2026, from http://smartdefine.org/penalty_clause/definitions/1160371 |
| Chicago | Barry Goldsmith. 2010. "penalty clause" http://smartdefine.org/penalty_clause/definitions/1160371 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, penalty clause, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/penalty_clause/definitions/1160371>. |
| MLA | Barry Goldsmith. "penalty clause" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/penalty_clause/definitions/1160371> |