Penalty clause

Business / Construction / Penalty clause : A provision in a contract that provides for a reduction in the amount otherwise payable under a contract to a contractor as a penalty for failure to meet deadlines or for failure of the project to meet contract specifications.
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Other Words for Penalty

Penalty Adjective Synonyms: punishment, discipline, penance, sentence, forfeit, fine, handicap, price, mulct, amercement, imprisonment, incarceration
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Peroxisomes

Science / Biology / Peroxisomes: Membrane-bound vesicles in eukaryotic cells that contain oxidative enzymes. MORE

Perpendicular Spread

Business / Finance / Perpendicular Spread: Option strategy involving the purchase of options with similar expiration dates and different exercise prices. MORE

Pernod

Entertainment / Liquor / Pernod: A French made, anise flavored substitute for now illegal absinthe. 80 proof. MORE

Permucosal Pin Implants

Health / Dentistry / Permucosal Pin Implants: Endosseous dental implants, shafts of which are threaded or smooth, used in bipodial or tripodial configurations as an abutment. MORE

Permit

Business / Construction / Permit : A governmental municipal authorization to perform a building process as in: ZoningUse permit -Authorization to use a property for a specific use e.g. A garage, a single family residence etc. Demolitio MORE

Permitted Acreage

Business / Agriculture / Permitted Acreage: The acreage on which a farm program participant is permitted to grow a program crop after satisfying acreage reduction requirements. For example, when a 10% acreage reduction program is in effect for MORE