1. The act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
   "The forfeiture of his bail when he failed to appear in court was substantial";
   - forfeit, sacrifice
    
2. A penalty for a fault or mistake that involves losing or giving up something
   "the contract specified forfeitures if the work was not completed on time";
   - forfeit
    
3. Something that is lost or surrendered as a penalty
   "The company faced forfeiture of assets for regulatory violations";
   - forfeit

Derived forms: forfeitures

Type of: act, deed, human action, human activity, loss, penalty

Encyclopedia: Forfeiture