Antonym: reward. Similar words: the death penalty, casualty, specialty, penance, faculty, alter, arena, wealth. Meaning: ['penltɪ] 
n. 1. the act of punishing 2. a payment required for not fulfilling a contract 3. the disadvantage or painful consequences of an action or condition 4. (games) a handicap or disadvantage that is imposed on a competitor (or a team) for an infraction of the rules of the game.
n. 1. the act of punishing 2. a payment required for not fulfilling a contract 3. the disadvantage or painful consequences of an action or condition 4. (games) a handicap or disadvantage that is imposed on a competitor (or a team) for an infraction of the rules of the game. 
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241. This represents a very substantial penalty and will undoubtedly make other owners and builders much more cautious over alterations.
242. This should enable prosecutors to strike bargains at an appropriate penalty level.
243. In a home match against Huddersfield Town, Newcastle were 3-2 down after conceding a questionable penalty to the visitors.
244. It stunned Boro and their frustration turned to anger after being denied an almost certain penalty.
245. Ards attacked from the start of the second half and pulled back the arrears with a well-judged penalty from Gareth Fry.
More similar words: the death penalty, casualty, specialty, penance, faculty, alter, arena, wealth, health, enact, altogether, wealthy, enable, Senate, although, appeal to, senator, teenage, scenario, teenager, open, menagerie, spend, alternative, in the name of, happen, openly, pencil, maintenance, expense.