From The Collaborative International Dictionary of English v.0.48:
penalized \penalized\ adj. Subjected to a penalty. [Narrower terms: fined, mulcted] [WordNet 1.5 +PJC]
From The Collaborative International Dictionary of English v.0.48:
Fine \Fine\, v. t. [imp. & p. p. Fined (f[imac]nd); p. pr. & vb. n. Fining.] [From Fine, a.] 1. To make fine; to refine; to purify, to clarify; as, to fine gold. [1913 Webster]
It hath been fined and refined by . . . learned men. --Hobbes. [1913 Webster]
2. To make finer, or less coarse, as in bulk, texture, etc.; as. to fine the soil. --L. H. Bailey. [1913 Webster]
3. To change by fine gradations; as (Naut.), to fine down a ship's lines, to diminish her lines gradually. [1913 Webster]
I often sate at home On evenings, watching how they fined themselves With gradual conscience to a perfect night. --Browning. [1913 Webster]
From The Collaborative International Dictionary of English v.0.48:
fined \fined\ adj. subjected to punishment by a fine.
Syn: mulcted. [WordNet 1.5]