A more thorough explanation:

Definition: A mulct is a type of punishment that involves paying a fine or penalty. It can also refer to being deprived of something, often through fraudulent means.

Examples:

• If you are caught speeding, you may receive a mulct in the form of a ticket and have to pay a fine.
• The company was found guilty of fraud and was mulcted millions of dollars in fines.
• The thief mulcted the old woman of her life savings by tricking her into giving him access to her bank account.

The examples illustrate how a mulct can be used as a punishment for breaking the law or committing fraud. In the first example, the mulct is a consequence of breaking a traffic law. In the second example, the mulct is a legal penalty for committing fraud. In the third example, the mulct is a result of fraudulent behavior that deprived the victim of her money.