forfeiture
when you lose something because you broke a rule or agreement
The loss of a right, property, or privilege as a punishment for breaking a rule, law, or agreement.
losing money you paid because you did not follow the conditions
The taking of money that was paid or pledged (such as a deposit, bond, or bail) because conditions were not met.
the money or thing you lose as a penalty
A right, possession, or sum of money that is lost or given up as a penalty.
a game you lose because you cannot play or you break rules
In sports or competitions, a loss declared because a player or team withdraws, fails to appear, or breaks the rules.
- Base: forfeiture
- Plural: forfeitures
asset forfeiture
1seizure of money or property
when the law takes money or property linked to crime
- Prosecutors sought asset forfeiture of the funds in the account.
- The organization tracks how often asset forfeiture is used.
- Asset forfeiture can include cars, cash, and real estate.
bail forfeiture
1court keeps bail money
when the court takes the bail money because someone does not follow the rules
- The judge entered a bail forfeiture after he missed his court date.
- Her lawyer asked the court to set aside the bail forfeiture.
- Bail forfeiture can happen even if the failure to appear was unintentional.
civil forfeiture
1government seizure without conviction
a legal way the government can take property linked to crime
- The report criticized the use of civil forfeiture in minor cases.
- They challenged the civil forfeiture of their car in court.
- Several states have changed laws to limit civil forfeiture.
forfeiture clause
1contract term about losing rights
a contract sentence that says what you lose if you break the agreement
- The lease includes a forfeiture clause for repeated late payments.
- Ask a lawyer to review the forfeiture clause before you sign.
- Their contract’s forfeiture clause allowed the company to keep the deposit.
- The contract has a forfeiture clause.
under penalty of forfeiture
1or you will lose it
if you do not do this, you will lose something
- All claims must be filed within 30 days under penalty of forfeiture.
- The permit must be renewed annually under penalty of forfeiture.
- Members must pay dues on time under penalty of forfeiture of benefits.