forfeiture


for·fei·ture

noun
\ˈfr-fə-ˌchr, -chər, -ˌt(y)r\

Definition of FORFEITURE

1
: the act of forfeiting : the loss of property or money because of a breach of a legal obligation
2
: something (as money or property) that is forfeited : penalty

Examples of FORFEITURE

  1. <the forfeiture for early withdrawal of the investment savings will be an amount equal to 10 percent of the investment>

First Known Use of FORFEITURE

14th century

Related to FORFEITURE

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