Loss of a right or something of value
because of failure to perform an obligation or
condition.
Merriam-Webster Online Dictionary
forfeiture (noun)1.
the act of the loss of property or money because of a breach of a legal obligation - forfeiting
2.
something (as money or property) that is - forfeited penalty
Merriam-Webster Online Thesaurus
forfeiture (noun)a sum of money to be paid as a punishment
SYNONYMS:
damages, forfeit, forfeiture, mulct, penaltyRELATED WORDS:
reparations; assessment, award, compensation; indemnity
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