You can withdraw money from the account at any time without penalty.

您可以随时从账户中提款，不收罚金。

《牛津词典》

This money should be liquid: easily accessible without penalty.

这部分金钱应当为活期：可以方便取出而不至于受到处罚。

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Therefore, he suggests that the law is perceived as unimportant, allowing families to simply ignore it, and often without penalty.

撰文作者因而建议，这项法律看起来不那么重要，家家户户都不会把它当回事，一般也都不会受到惩罚。

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Becoming treasury secretary, however, allows Mr Paulson to sell his shares without penalty or embarrassment.

ECONOMIST: Why it pays to become America's treasury secretary

Previously, the best teams could outspend the worst ones on amateur talent without penalty.

WSJ: The Houston Astros School of Economics

Do you think air travelers should be limited to buying a single short-haul flight per year without penalty?

FORBES: Green Greens versus Red Greens