- Penalty: A punishment or consequence imposed for violating a rule, law, contract, or established standard. Penalties can come in various forms, such as fines, restrictions, or other negative consequences, and they are meant to deter individuals or entities from engaging in behaviors that are considered undesirable or harmful.
BAILOR
Bailor - A person or entity that temporarily transfers possession of their personal property to another party (the “bailee”) as part of a bailment...
