forfeiture

2 ENTRIES FOUND:

for·fei·ture

noun \ˈfr-fə-ˌchr, -chər, -ˌt(y)r\

law : the act of giving up something as punishment or because of a rule or law : the act of forfeiting something

Full 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

Other Legal Terms

actionable, alienable, carceral, chattel, complicity, decedent, larceny, malfeasance, modus operandi

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