Forfeit
Related Definitions
[n] the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
[n] a penalty for a fault or mistake that involves losing or giving up something; "the contract specified forfeits if the work was not completed on time"
[n] something that is lost or surrendered as a penalty;
[adj] surrendered as a penalty
[v] lose or lose the right to by some error, offense, or crime
Related Terms
amercement, be bereaved of, bereavement, caution, caution money, charge, collateral, collateral security, cost, damage, damages, dead loss, debit, default, denial, denudation, deposit, deprivation, despoilment, destruction, detriment, dispossession, distr