forfeiture
n. C / Un. the loss of property, money, or a right because you broke a rule or a law. It is a type of punishment where you are forced to give something up.
n. the loss of property, rights, or assets as a direct consequence of a breach of legal obligation, neglect of duty, or criminal activity.
The contract includes a clause for the forfeiture of the deposit.
Failure to meet the strict project deadlines resulted in the forfeiture of the company's performance bond.
The court ordered the forfeiture of all assets acquired through the illegal enterprise, ensuring that the defendants could not profit from their criminal activities after serving their sentences.
Uncountable when referring to the general legal process; countable when referring to a specific instance or penalty.