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Legal Definitions - in modum poenae
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Definition of in modum poenae
IN MODUM POENAE
When something is done as a punishment, it is said to be done in modum poenae. This phrase was used in the past to describe the basis for charging interest.
1. The bank charged the customer a high interest rate in modum poenae for missing their loan payments.
2. The court ordered the company to pay a fine in modum poenae for violating environmental regulations.
The examples illustrate how the phrase "in modum poenae" is used to describe a penalty or punishment. In the first example, the bank charged the customer a high interest rate as a punishment for missing their loan payments. In the second example, the court ordered the company to pay a fine as a penalty for violating environmental regulations. Both examples show how the phrase is used to describe something that is done as a punishment.
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Simple Definition
Term: IN MODUM POENAE
Definition: In modum poenae is a Latin phrase that means "by way of penalty." This phrase was used in the past to refer to the basis for charging interest.
For example, if someone borrowed money and did not pay it back on time, they might be charged interest in modum poenae as a penalty for their late payment.
Overall, in modum poenae means that something is being done as a punishment or consequence for not following the rules or agreements.
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