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forfeit

verb [T]
 
 
/ˈfɔː.fɪt/ US  /ˈfɔːr-/

Definition

to lose the right to do or have something because you have broken a rule: If you cancel now I'm afraid you forfeit your deposit. These people have forfeited the right to live in society.Stop having or doing something
(Definition of forfeit verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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