forfeiture
(noun)
noun
1. something that is lost or surrendered as a penalty
Similar word(s): forfeit
Definition categories: possession, loss
2. a penalty for a fault or mistake that involves losing or giving up something
- the contract specified forfeits if the work was not completed on time
Similar word(s): forfeit
Definition categories: possession, penalty
3. the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.