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A fine or mulct (the latter synonym typically used in civil law) is a penalty of money that a court of law [1] or other authority decides has to be paid as punishment for a crime or other offense.
A civil penalty or civil fine is a financial penalty imposed by a government agency as restitution for wrongdoing. The wrongdoing is typically defined by a codification of legislation, regulations, and decrees. The civil fine is not considered to be a criminal punishment, because it is primarily sought in order to compensate the state for harm ...
In the United States, criminal justice financial obligations (CJFOs), alternatively monetary sanctions or legal financial obligations, refers to costs paid by individuals as a result of their involvement in the criminal justice system. [1] CJFOs consist of fines, property forfeiture, costs, fees, and victim restitution, and may also include ...
Economic sanctions are commercial and financial penalties applied by states or institutions against states, groups, or individuals. [1][2] Economic sanctions are a form of coercion that attempts to get an actor to change its behavior through disruption in economic exchange.
Penalty interest, also called penalty APR (penalty annual percentage rate), [1] default interest, interest for/on late payment, statutory interest for/on late payment, [2] [3] interest on arrears, or penal interest, in money lending and in sales contracts is punitive interest charged by a lender to a borrower if installments are not paid according to the loan terms.
The term clawback or claw back refers to any money or benefits that have been given out, but are required to be returned (clawed back) due to special circumstances or events, such as the monies having been received as the result of a financial crime, or where there is a clawback provision in the executive compensation contract. [1][2] In law ...
There was no word about how Swain spent the rest of the money. If convicted, Swain faces a maximum penalty of 30 years in federal prison on each count, according to the U.S. Attorney’s Office ...
A person is guilty of falsifying business records in the second degree when, with intent to defraud, he: makes or causes a false entry in the business records of an enterprise; or. alters, erases, obliterates, deletes, removes or destroys a true entry in the business records of an enterprise; or. omits to make a true entry in the business ...