forfeiture
forfeiture
Definition
for·fei·ture (fôr′fə c̸hər)
noun
- the act of forfeiting
- anything forfeited; penalty or fine
forfeiture
Synonyms
forfeiture Finance Definition
The
act of giving up the right to the ownership of an asset.
forfeiture
Law Definition
n
The loss or compulsory
transfer to another, without compensation, of a right or property interest,
usually as a penalty.
forfeiture
Usage Examples
Converse of object
- order: There is no power in section 9 to order the forfeiture of horses.
- seek: Prosecutors are also seeking the forfeiture of $ 80m from the men.
Adjective modifier
- temporary: In addition, the use of temporary forfeiture could be a very useful option.
- civil: Perhaps the most obvious of these is civil asset forfeiture.
- such: It was the first such forfeiture in 129 years of Test cricket.
Modifies a noun
- clause: My tenancy agreement does not appear to contain a forfeiture clause.
- proceeding: Cranley issued forfeiture proceedings on the flat for failure to pay money allegedly due.
- order: A Magistrates ' Court may make a forfeiture order in respect of the seized cash.
- hearing: The forfeiture hearing took place at Bolton Magistrates Court on 07 November 2005.
- provision: The cash was seized under the cash forfeiture provisions of the Proceeds of Crime Act 2002.
Noun used with modifier
- asset: Perhaps the most obvious of these is civil asset forfeiture.
- cash: The cash was seized under the cash forfeiture provisions of the Proceeds of Crime Act 2002.
- pension: However it was agreed that the press log relating to a police pension forfeiture case would be attached to the report in future.
Preposition: of
- lease: Failure to comply with these conditions should result in a forfeiture of lease.
- vehicle: Permanent or temporary forfeiture of the vehicle would be available.
- prise: Failure to comply with this requirement shall result in forfeiture of the prize.
- license: Particulars of any forfeiture of a license or disqualification of premises should also be entered.
- cash: Magistrates have the power to order the forfeiture of cash seized under POCA without the holder being charged or prosecuted for an offense.
- pension: Failure to notify could lead to forfeiture of the pension.
Preposition: by
- re-entry: An alternative means to forfeiture by re-entry is to issue proceedings at court seeking possession on the ground that the tenant is in arrears.
