Examples of 'daily penalty' in a sentence
Meaning of "daily penalty"
A daily penalty refers to a financial or punitive consequence that is imposed for each day an individual or entity fails to comply with a particular obligation or requirement. It indicates that a penalty is accrued on a daily basis until the issue is resolved or the requirement is met. Daily penalties are commonly associated with legal, contractual, or regulatory matters
How to use "daily penalty" in a sentence
Basic
Advanced
daily penalty
Claim of daily penalty in relation to an international construction contract.
It backed up its decision with the threat of daily penalty payments.
The amount of the daily penalty payment is calculated as follows.
It is often used to cancel late payments or unpaid fees and avoid daily penalty.
Fines are a daily penalty assessed for late return of library items.
As a result, the Commission waived the setting of a daily penalty.
And a daily penalty payment for each day after a second Court ruling until the infringement ends.
The Court may then impose a daily penalty or / and lump sum payment on Portugal.
The daily penalty payment referred to in paragraph 5 shall be enforceable.
Furthermore, the Commission may impose a fineor daily penalty on companies which contravene arequirement.
The daily penalty payment is calculated based on a formula, where the following elements are multiplied.
Energy efficiency in buildings, Commission refers AUSTRIA and POLAND to Court ; requests daily penalty payments.
The daily penalty fee will be based on the late fee of 5€/day.
Any late payments shall incur a daily penalty equal to 0,1 % of the amount due.
The Bank of Greece abolishes the commercial banks ' overdraft daily penalty rate of 0.1 %.
See also
The disrespect of this rule will result in a daily penalty of 50 € ( per day of absence ).
You'll also be interested in:
Examples of using Penalty
Show more
Abolition of death penalty and prohibition of torture
Penalty and prohibition of the use of vehicles
The capital or death penalty does not exist
Examples of using Daily
Show more
Daily radiation treatments for three weeks
To at least one hour daily outdoor exercises
Average daily population in juvenile training schools
