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Meaning of “penalty” - Learner’s Dictionary

penalty

noun [C]     /ˈpenəlti/
PUNISHMENT
B2 a punishment for doing something which is against a law or rule: There's a £50 penalty for late cancellation of tickets.Punishing and punishmentsPunishing by causing painHitting and beating
SPORTS ADVANTAGE
B2 in sports, an advantage given to a team when the opposing team has broken a rule: They won a penalty in the first five minutes of the game. a penalty goal/kick →  See also death penalty Advantage and disadvantageRefereeing and judging in sportGeneral terms used in ball sports
(Definition of penalty from the Cambridge Learner’s Dictionary © Cambridge University Press)
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