RhymeZone: penalty definitions

Definitions of penalty:

noun: (games) a handicap or disadvantage that is imposed on a competitor (or a team) for an infraction of the rules of the game
noun: the disadvantage or painful consequences of an action or condition
Example: "Neglected his health and paid the penalty"
noun: a payment required for not fulfilling a contract
noun: the act of punishing

Search for penalty at other dictionaries: OneLook, Oxford, American Heritage, Merriam-Webster, Wikipedia

See penalty used in context: 40 rhymes, 7 Shakespeare works, several books and articles.