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1. Something that is lost or surrendered as a penalty
   - forfeit
    
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. The act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
   - forfeit, sacrifice

Derived forms: forfeitures

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

Encyclopedia: Forfeiture