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penalty rates

British  

plural noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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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 • Dec. 24, 2025

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 • Dec. 24, 2025

O’Neill has students research three credit card offers, for example, comparing the interest rates, penalty rates, fees and rewards for each, and evaluating which might be best for their particular situation.

From Seattle Times • Apr. 2, 2018

Find out your favourite café doesn’t pay penalty rates?

From The Guardian • Dec. 28, 2017

And the onetime invalid is now so hale that insurance companies long since canceled the penalty rates they used to charge him.

From Time Magazine Archive