Forfeitors

Forfeitors are individuals or entities who have lost something, typically property, rights, or privileges, as a consequence of a breach of a rule, law, or agreement. This loss is known as a forfeiture. The term often applies in legal contexts, particularly when dealing with contracts, criminal activities, or violations of regulations. forfeitors can be the primary parties involved in a legal action or can be indirectly affected through association with the principle perpetrator, they are ultimately the subject of the forfeiture. The specific items or privileges lost depend entirely on the context of the transgression. The act of forfeiture is meant to serve as a punishment or disincentive to discourage future wrongdoing. forfeitors can be private individuals, corporations, or even governments.

Forfeitors meaning with examples

• The company, a known violator of environmental regulations, became major forfeitors of millions of dollars due to the hazardous waste it was illegally dumping in the ocean. Their assets were seized as a result. The government's efforts to hold the company accountable was an example of deterring illegal acts against the environment and the people.
• Upon being convicted of embezzlement, the former treasurer was a forfeitor of his professional license and was sentenced to jail time. His dishonesty resulted in major financial consequences and destroyed his reputation, becoming a person to be avoided due to the forfeiture he had received from his own doing.
• The terms of the lease agreement stated that any failure to make timely rent payments would result in the tenant becoming a forfeitor of their security deposit and right to continued occupancy. The landlord was forced to evict the tenant after several late payment violations.
• The treaty explicitly outlined the circumstances in which a nation could become a forfeitor of its territorial rights, such as engaging in acts of aggression or violating international law. This forfeiture was a result of an attempt to go to war.
• After repeatedly violating the rules of the online game, the user became a forfeitor of their account and all associated virtual items. This was a direct consequence to their actions. The company had clearly stated this in their terms of service.