D defs.my
Entry 3 senses Webster, 1913

Penalty

/pĕn'-əl-tē/ · Pe·nal·ty · IPA /ˈpɛn.əl.ti/
01 n. Penal retribution; punishment for crime or offense; the suffering in person or property which is annexed by law or judicial decision to the…
pl. Penalties ((#))
  1. 1.
    Penal retribution; punishment for crime or offense; the suffering in person or property which is annexed by law or judicial decision to the commission of a crime, offense, or trespass.
    “Death is the penalty imposed.” Milton.
  2. 2.
    The suffering, or the sum to be forfeited, to which a person subjects himself by covenant or agreement, in case of nonfulfillment of stipulations; forfeiture; fine.
    “The penalty and forfeit of my bond.” Shak.
  3. 3.
    A handicap.[Sporting Cant]
Phrases & compounds
Bill of pains and penalties — See under Bill.
On penalty of — on pain of; with exposure to the penalty of, in case of transgression.