forfeiture Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “forfeiture” in the English Dictionary

"forfeiture" in British English

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forfeiturenoun [C or U]

uk   /ˈfɔː.fɪ.tʃər/ us   /ˈfɔːr.fə.tʃɚ/ specialized
the loss of rights, property, or money, especially as a result of breaking a legal agreement: He was deep in debt and facing forfeiture of his property.
(Definition of forfeiture from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"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)
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