forfeiture JUST WRITTEN FOR YOU
/fɔːrˈfɪtʃər/ · for.fit.chure
noun
- A legal action whereby a person loses all interest in the forfeit property. The court ruled that the company's assets would be subject to forfeiture if they failed to meet the payment deadline.
- The loss of forfeit property. The team's forfeit of the championship game was a result of their refusal to play under protest.
- The property lost as a forfeit. The forfeit property was sold at auction to cover the debts of the bankrupt company.
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Did you know? The concept of forfeiture has been in use since ancient times, with the Romans using it to punish wrongdoers by confiscating their property.