n. Suffering, in person or property, as a punishment annexed by law or judicial decision to a violation of law; penal retribution.n. The loss or burden to which a person subjects himself by covenant or agreement in ease of the non-fulfilment of an obligation; the forfeiture or sum to be forfeited for non-payment, or for non-compliance with an agreement: as, the penalty stipulated in a bond.n. Money recoverable by virtue of a penal statute; a fine; a mulct.n. Hence The painful consequences which follow some particular course of action, or are invariably attached to some state or condition: as, the penalty of carelessness, or of riches; he paid the penalty of his rashness.