Meaning of “forfeiture” in the English Dictionary

british dictionary

"forfeiture" in Business English

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forfeiturenoun [ C or U ]

uk /ˈfɔːfɪtʃər/ us LAW

the loss of rights, property, or money, especially because you have not obeyed a rule or law:

forfeiture of sth I had been told that my client would face 40 years in prison and a forfeiture of his assets.
forfeiture action/proceedings/suit If rent remains outstanding for 21 days after the due date, forfeiture proceedings may be brought against a tenant.
Prosecutors are also seeking forfeiture of an undisclosed amount relating to the conspiracy.

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