IPA: /ˌpiːnəlaɪˈzeɪʃən/
KK: /ˌpinəˈlaɪzˌeɪʃən/
The act of punishing someone for breaking a rule or law.
The penalization for speeding can include fines or points on your license.
Penalization → It is formed from "penalis" (from Latin, meaning pertaining to punishment) and "-ation" (meaning the action or process of). The word "penalization" refers to the process of imposing a punishment.
Think of 'penalis' which relates to punishment, and remember that 'penalization' means the action of punishing.