Meaning of “forfeit” in the English Dictionary

"forfeit" in British English

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forfeitverb [ T ]

uk /ˈfɔː.fɪt/ us /ˈfɔːr.fɪt/

forfeitnoun [ C ]

uk /ˈfɔː.fɪt/ us /ˈfɔːr.fət/

forfeitadjective [ after verb ]

uk /ˈfɔː.fɪt/ us /ˈfɔːr.fət/ formal

(Definition of “forfeit” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"forfeit" in American English

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forfeitverb [ T ]

us /ˈfɔr·fɪt/

to give up or lose something because you cannot do something that the rules or the law says you must do:

She had to forfeit the tennis match after she fell and hurt her wrist.
noun [ C/U ] us /ˈfɔr·fət, -fɪt/

[ C ] Throwing objects on the field, the umpire said, would result in the forfeit of the game by the home team.

(Definition of “forfeit” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"forfeit" in Business English

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forfeitverb [ T ]

uk /ˈfɔːfɪt/ us

LAW to lose the right to have or do something because you have not obeyed a rule or law:

Over several years, the district forfeited $51 million by failing to spend the money within the deadlines set by the government.
forfeit a claim/right (to sth/to do sth) She forfeited her right to benefits because she did not notify the authorities of her change in circumstances.
forfeit sth to sb/sth Illegally shipped cigarettes will be seized and forfeited to the state.

to agree to give away the right to have or do something:

A culture of long hours and time forfeited in favour of money is now becoming routine.

forfeitnoun [ C ]

uk /ˈfɔːfɪt/ us LAW

something that you lose the right to have or do because you have failed to obey a rule or law:

Schools and their employees found in violation of the policy are subject to penalties, including fines or forfeits.

(Definition of “forfeit” from the Cambridge Business English Dictionary © Cambridge University Press)