Definition:(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 #######s 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
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