say it: PEN-uhl-tee
penalty is a noun meaning "the act of punishing". It carries 4 recorded senses.
the act of punishing
a payment required for not fulfilling a contract
the disadvantage or painful consequences of an action or condition
“neglected his health and paid the penalty”
(games) a handicap or disadvantage that is imposed on a competitor (or a team) for an infraction of the rules of the game
game
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for penalty come from Princeton University’s WordNet. The pronunciation comes from the CMU Pronouncing Dictionary. Commonness is measured against a corpus of everyday English. Full sources and licences.