What is a fine?
A fine is a pecuniary punishment, which is obligedpay a person who has not fulfilled this or that obligation. A fine is paid in the event that the rules for its imposition are fixed in a document previously signed by the parties. Also, individuals who violate one of the laws established in the country are subjected to a fine.
Fine in civil law
What is a fine in civil law? This is primarily the payment of penalties for breach of contractual obligations. A fine can either be determined by a predetermined amount, or by a special percentage or formula. In most cases, the second option is used. For example, the penalty for disrupting the delivery of goods is most accurately measured as a percentage of the value of the goods, and not to determine it by some fixed number.
Fine in administrative law
In administrative law, fine is one of the mostcommon types of punishment. The size of the fine depends on the status of the person (citizen, official, legal entity), and also on the type of offense. In this case, quite often a fine is assigned as a multiple of the amount of damage, for example, the amount of an illegal currency transaction or the amount of unpaid taxes.
Penalty in criminal law
In criminal law, a fine is more often combined withother types of punishment. So, he can reduce the length of stay in prison or the time of correctional labor. It is possible to "make off" with just a fine for a criminal offense if it is a matter of crimes of small and medium severity, such as causing harm to health through negligence and property offenses.
Find more interesting terms in the Definitions section.