forfeiture | ||
1. | [ noun ] (business) a penalty for a fault or mistake that involves losing or giving up something | |
Synonyms: | forfeit | |
Examples: | "the contract specified forfeits if the work was not completed on time" |
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Related terms: | penalty forfeit | |
2. | [ noun ] something that is lost or surrendered as a penalty; | |
Synonyms: | forfeit | |
Related terms: | loss forfeit | |
3. | [ noun ] the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc. | |
Synonyms: | sacrifice forfeit | |
Related terms: | act sacrifice | |
Similar spelling: |
forfeit forfeited |