Definition of forfeiture
Noun
forfeiture (plural forfeitures)
- (law) A legal action whereby a person loses all interest in the forfeit property.
- (law) The loss of forfeit property.
- (law) The property lost as a forfeit.
- Any loss occasioned by one's own actions.
Further reading
Forfeiture is deprivation or destruction of a right in consequence of the non-performance of some obligation or condition. It can be accidental, and therefore is distinguished from waiver; see forfeiture and waiver.
References:
- Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.
|
