forfeiture Definition

forfeiture

Definition

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

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

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

articles of association, early withdrawal penalty, forfeiture clause, frozen account, corporation act

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