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Legal Dictionary

forfeiture

Legal Definition of forfeiture

Related terms


Definition of forfeiture

Noun

forfeiture (plural forfeitures)

  1. (law) A legal action whereby a person loses all interest in the forfeit property.
  2. (law) The loss of forfeit property.
  3. (law) The property lost as a forfeit.
  4. 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:

  1. Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.



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