Forfeiture is the loss or giving up of something, often as a penalty for a crime, breach of a legal obligation, or failure to adhere to some agreement. It typically involves the government or another authority seizing property or privileges, resulting in a penalty or loss of rights for the individual or entity involved.
Forfeiture meaning with examples
- The city's new zoning law included a provision for Forfeiture of properties that were not maintained, which led to numerous abandoned homes being seized and repurposed by the municipality for community use.
- In the case of a loan default, the bank may initiate a Forfeiture process, meaning the borrower loses the property pledged as collateral, which can significantly impact the individual's financial future and credit score.
- The athlete faced Forfeiture of his championship title after testing positive for banned substances, a decision that sparked a heated debate about doping in sports and the integrity of competitive events.
- Upon discovery of the illegal gambling operation, authorities executed a Forfeiture of the assets, which included the venue and equipment, aiming to dismantle the network and discourage future illegal activities in the area.
Forfeiture Synonyms
abandonment annulment cancellation confiscation default deprivation dispossession disqualification divestiture expropriation forgoing loss nullification relinquishment remission renunciation revocation seizure surrender waiverForfeiture Antonyms
acknowledgment acquisition advantage benefit confirmation continuation control entitlement guardianship holding keeping maintaining ownership possession preservation protection retention safeguarding security survivalForfeiture Crossword Answers
4 Letters
LOSS
7 Letters
FORFEIT PENALTY
9 Letters
SACRIFICE