Forfeiture
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;
Related Terms
amercement, bereavement, cost, damage, damages, dead loss, debit, denial, denudation, deprivation, despoilment, destruction, detriment, dispossession, distraint, distress, divestment, escheat, escheatment, expense, fine, forfeit, injury, loser, losing, lo