Forfeiter

A forfeiter is an individual or entity that loses property, rights, or a legal claim as a penalty for failing to meet certain obligations, violating laws, or not adhering to established agreements. This term is often used in legal contexts where a party forfeits assets due to criminal convictions or breaches of contract, leading to a loss of rights or privileges previously held.

Forfeiter meaning with examples

• After the court ruled that he had engaged in illegal gambling, the businessman became a forfeiter, losing his financial assets and investments as part of the sentence handed down for his criminal activities. His life took a downward turn as he struggled to rebuild his reputation in the business community, facing significant financial and personal challenges.
• In a tragic turn of events, the young athlete became a forfeiter after testing positive for banned substances, which not only led to the loss of his sponsorships but also stripped him of his championship titles. This incident served as a reminder of the high stakes and responsibilities that come with professional sports and the importance of maintaining integrity.
• The local government announced that any residents who failed to pay their taxes would be considered forfeiter of their properties, leading to potential eviction and loss of ownership. Many were shocked by the harsh measures and rallied together to advocate for a more lenient approach to help those struggling financially during tough economic times.
• When the tech company failed to meet the deadlines set forth in their contract, they risked becoming a forfeiter in the eyes of their partners, potentially losing not just the deal but also their reputation. This situation prompted a reevaluation of their project management strategies to ensure future accountability and successful outcomes.