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Penalty tax |
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Penalty taxA federal tax that can be applied if a plan holder does not meet certain requirements when making withdrawals from a tax-advantaged retirement plan (for instance, if the plan holder has not reached age 59-1/2). This penalty tax is owed in addition to any income taxes due.Penalty tax Similar MatchesPrepayment penaltyPrepayment penaltyLenders can impose a penalty on a borrower who pays a loan off before its expected end date. Early withdrawal penaltyEarly withdrawal penaltyA charge imposed on holders of fixed term investments in the event of withdrawal prior to maturity. Prepayment penaltyPrepayment penaltyA fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity. Penalty clausePenalty clauseA clause found in contract agreements that provides for a penalty in the event of default. Early withdrawal penaltyEarly withdrawal penaltyPenalty paid by the holder of a fixed-term investment penalizing an investor who withdraws money before the agreed-upon maturity date. Further SuggestionsMarriage penaltyRedemption penalty overhang Extended redemption penalty Overhanging redemption penalty |
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