the part of a contract which says what someone will have to pay or do if they do not obey the agreement, for example if they do not complete work on time
British English a note made on a driver's LICENCE to show that they have done something wrong while they were driving. If someone gets 12 penalty points they are no longer allowed to drive a car.
an occasion when each team in a football match takes penalty kicks until one team misses the GOAL - used as a way of deciding which team will win when the ordinary part of the match has ended in a DRAW