forfeit(noun) the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
(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"
(noun) something that is lost or surrendered as a penalty;
(verb) lose or lose the right to by some error, offense, or crime
(adjective satellite) surrendered as a penalty
Source:
WordNet 2.0 Copyright 2003 by Princeton University. All rights reserved.
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