违约金 (wéi yāo) — liquidated damages; contractual penalty for breach of agreement

Definition

Examples

• 合同中明确规定了违约金的金额。
  Hé tong zhōng míng què guī dìng le wéi yāo de jīn é.
  The contract clearly stipulates the amount of liquidated damages.
• 由于他提前解约，公司要求他支付违约金。
  Yóu yú tā tí qián jiě yuē, gōng sī yāo qiú tā zhī fù wéi yāo.
  Because he terminated the contract early, the company demanded he pay liquidated damages.
• 法院判决被告支付违约金十万元。
  Fǎ yuàn pàn jué bèi gào zhī fù wéi yāo shí wàn yuán.
  The court ordered the defendant to pay 100,000 yuan in liquidated damages.