- the act of forfeiting
- anything forfeited; penalty or fine
Forfeiture is the act of giving up something as payment, or a penalty.
The act of a state seizing a farm for growing marijuana is an example of forfeiture.
- The act of surrendering something as a forfeit.
- A loss of property to penalize a failure to act in accordance with a legal requirement.
forfeiture - Investment & Finance Definition
The act of giving up the right to the ownership of an asset.
forfeiture - Legal Definition
The loss or compulsory transfer to another, without compensation, of a right or property interest, usually as a penalty.
- The law merely prescribes the forfeiture of all remission.
- Persistent Donatists were no longer merely heretics; they were rebels and incurred the confiscation of their church property and the forfeiture of their civil rights.
- By that time it was in the hands of the king by the forfeiture of Earl Morcar.
- Proselytes to Judaism were condemned either to death or to forfeiture of their property.
- The right to deal with the property of a convict while he is undergoing sentence (but not while he is out of prison on leave) is, by the Forfeiture Act 1870, vested in his administrator.