mulct vs penalty

mulct and penalty both are nouns.

Word	Noun	Adjective	Verb	Adverb
mulct	Yes	No	Yes	No
penalty	Yes	No	No	No

As nouns, penalty is a hypernym of mulct; that is, penalty is a word with a broader meaning than mulct:

mulct (noun)	penalty (noun)
money extracted as a penalty	the act of punishing, or the infliction of a penalty
	the disadvantage or painful consequences of an action or condition
	(games) a handicap or disadvantage that is imposed on a competitor (or a team) for an infraction of the rules of the game
	a payment required for not fulfilling a contract

mulct (verb)	penalty (verb)
impose a fine on
deprive of by deceit