Excellent penalty (4)

I believe the answer is:

fine

I believe this clue is a double definition.

'excellent' is the first definition.
('fine' can be a synonym of 'excellent')

'penalty' is the second definition.
(I've seen this before)

(Other definitions for fine that I've seen before include "First-rate - punishment" , "A financial penalty - excellent" , "No special brandy" , "Very high quality money penalty" , "Excellent kind of monetary penalty" .)

I've seen this clue in The Telegraph.

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