Chastisement, n.
Etymology: [From Chastise.]
The act of chastising; pain inflicted for punishment and correction; discipline; punishment. Shall I so much dishonor my fair stars, On equal terms to give him chastesement! Shak. I have borne chastisement; I will not offend any more. Job xxxiv. 31.
Shades of meaning
Fernald has no entry of its own for chastisement; he lists it under misfortune.
He lists it without comment; the entries above explain its neighbors.