penalty
US /ˈpen.əl.ti/
UK /ˈpen.əl.ti/

1.
a punishment imposed for breaking a law, rule, or contract
:
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The maximum penalty for the offense is five years in prison.
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He had to pay a financial penalty for breaking the contract.
2.
a disadvantage suffered as a result of an action or situation
:
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The team suffered a severe penalty for their poor performance.
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Working overtime comes with the penalty of less free time.
3.
a disadvantageous act or event imposed on a player or team for a breach of rules in sports
:
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The referee awarded a penalty kick after the foul.
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The team received a five-yard penalty for offside.