CHASTISEMENT, noun Correction; punishment; pain inflicted for punishment and correction, either by stripes or otherwise.
Shall I so much dishonour my fair stars, On equal terms to give him chastisement
I have borne chastisement I will not offend any more. Job 34:31.
The chastisement of our peace, in Scripture, was the pain which Christ suffered to purchase our peace and reconciliation to God. Isaiah 53:5.