Describing something that is capable of being forfeited; subject to loss or deprivation, especially as a penalty for wrongdoing, breach of contract, or failure to meet specific conditions. This implies the potential loss of property, rights, or privileges, often triggered by a specific action or inaction. The term highlights the contingent nature of possession or entitlement, where continued ownership or benefit depends on adhering to established rules or fulfilling specific obligations. The potential for forfeiture serves as a deterrent and reinforces compliance with rules and agreements.
Forfeitable meaning with examples
- The lease agreement stated that the security deposit was forfeitable if the property sustained damage beyond normal wear and tear. If the tenants failed to maintain the property according to the agreed standards, they risked losing the funds. This served as a financial incentive to care for the house.
- According to the regulations, the individual's passport was forfeitable if they were convicted of certain crimes, such as drug trafficking. The government aimed to maintain security standards in this rule. This meant they could have their travel documents revoked and be prevented from leaving the country.
- The scholarship was forfeitable if the student's GPA fell below the required minimum. A commitment to grades had to be upheld for funding. This requirement ensured that the scholarship was only given to students who met specific academic standards.
- The company's ownership in the project was forfeitable if it didn't meet agreed-upon production deadlines. To maintain the company's interest, they worked quickly. This clause protected the other partners from delays and ensured that the project was completed on schedule.