Contractual penalty


Meaning of the word: Contractual penalty

Contractual penalty is a penalty that is listed directly in the contract between the client and the bank institutions. As for sanctions, the bank may require the compensation for breach of conditions and client must pay it. The purpose of the penalty is mainly preventive.

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Mobile network operator

A mobile network operator is a wireless service provider, who provides wireless communications services. Each mobile network operator need to control…

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