See Also: assart(1)(dictionary)
assart(medicine)
assart(2)(dictionary)
Penalty tax(finance)
penalty(dictionary)
Penalty bid(finance)
Penalty(money)
In the penalty box(finance)
penalty(dictionary)
penalty box(dictionary)

assart(2) (iou) and Penalty (money)


assart(2) (iou)



assart verb trans. obsolete exc. Hist. E16.
[Anglo-Norman assarter, -ier, -ir, Old French essarter from medieval Latin ex(s)artare, from EX-1 + sart- pa. ppl stem of sar(r)ire to hoe, weed: cf. ESSART verb.]
Law. Make (forest land) arable by grubbing up trees and bushes.

Penalty (money)


Definition: Fee assessed for a violation of a law or regulation.