Question

What is the new meaning of the word penalty when the suffix is changed from -ty to -ize?

It becomes an adjective that means “in a way that is punitive.”
It becomes a verb that means “to punish for breaking a rule or a law.”
It becomes an adverb but the meaning does not change.
It remains a noun and the meaning does not change.

Answer 1

The new meaning would be (B). It becomes a verb that means "To punish for breaking a rule or a law".