A loss of money, property, or privileges due to a breach of legal obligation, which serves as compensation for resulting losses.

Use forfeiture in a sentence

Police departments use civil forfeiture laws to seize millions of dollars every day, usually without even charging anyone with a crime.

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When one of the team members got sick, the team was only able to find four people and lost the game by forfeiture.

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The forfeiture was experienced on the first of the month by the real estate firm, they were prepared and expecting the loss.

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REO real estate owned