forfeiture

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




forfeiture is ...
... part of the
Law & Estate Planning, Lending & Credit and Real Estate subjects.


Related Terms

bonded -  More
real estate owned -
REO -
rabbi trust


forfeiture appears in the definitions of these other terms on BusinessDictionary.com

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