FORFEITURE

forfeit, forfeiture, sacrifice

(noun) the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.

forfeit, forfeiture

(noun) 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”

forfeit, forfeiture

(noun) something that is lost or surrendered as a penalty

Source: WordNet® 3.1

Etymology

Noun

forfeiture (countable and uncountable, plural forfeitures)

(legal) A legal action whereby a person loses all interest in the forfeit property.

(legal) The loss of forfeit property.

(legal) The property lost as a forfeit.

Any loss occasioned by one's own actions.

Source: Wiktionary

For"fei*ture, n. Etym: [F. forfeiture, LL. forisfactura.]

1. The act of forfeiting; the loss of some right, privilege, estate, honor, office, or effects, by an offense, crime, breach of condition, or other act. Under pain of foreiture of the said goods. Hakluyt.

2. That which is forfeited; a penalty; a fine or mulct. What should I gain By the exaction of the forfeiture Shak.

Syn.

– Fine; mulct; amercement; penalty.

Source: Webster’s Unabridged Dictionary 1913 Edition