Penalty (noun)

1. A punishment inflicted on someone as retribution for a wrong or criminal act they have committed.
2. A fine or other disadvantage imposed on someone for breaking a law, rule, or agreement.
3. A disadvantage or negative consequence resulting from a particular action or decision.

Origin:

Late middle english from old french penalte, from latin poena meaning punishment.

Examples:

1. The judge imposed a heavy penalty on the criminal for his crimes.
2. You will have to pay a penalty if you don't return the library book on time.
3. There is a penalty for being late on your loan payments.
4. The company was penalized for violating environmental regulations.
5. The team suffered a 5-yard penalty for holding during the play.