penalty rates

British  

plural noun

1. rates of pay, such as double time, paid to employees working outside normal working hours

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Example Sentences

Failing to take those funds out of their retirement accounts would generate a potential tax penalty between $1,160 and $2,900, based on penalty rates of 10% and 25%, respectively, Vanguard said.

From Barron's

Failing to take those funds out of their retirement accounts would generate a potential tax penalty between $1,160 and $2,900, based on penalty rates of 10% and 25%, respectively, Vanguard said.

From Barron's

German newsmedia are full of stories about “penalty rates”and criticism of the European Central Bank for, as they put it, expropriating savers.

From Washington Times

In its letter, the agency lays out the interest and penalty rates that companies can expect, which range from paying no penalties and minimal interest if completed within 90 days to paying a 12% penalty and 18% interest.

From Washington Times

The claim alleges that benefits mandated under the Fast Food Industry Award 2010 like casual loading, travel costs, penalty rates, mininum three-hour shifts and laundry allowances among others were systematically avoided by Domino’s.

From Reuters