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to impose a financial penalty, sometimes used of a finding of expenses or costs against a party in a litigation.
Collins Dictionary of Law © W.J. Stewart, 2006

MULCT, punishment. A fine imposed on the conviction of an offence.

MULCT, commerce. An imposition laid on ships or goods by a company of trade, for the maintenance of consuls and the like. Obsolete.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
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One night I was out fishing in the lagoon with Oti, the man who had been mulcted of the cowries.
I have learned from them that other millionnaires have been likewise mulcted or persecuted--how many is not known, for when one yields to the M.
for the observance of the minutest of their respective duties; with only little mulcts [deprivations or fines], that at first only there was occasion to exact." Their leisure reading, provided by Sir Charles, resides in three separate bookcases--I: Morality, II: Housewifery, and III: History.