noun
forfeiture
FOR-fi-chur/ˈfɔːrfɪtʃər/
Loss or surrender of property, money, or rights as a penalty.
Breaking the lease can result in forfeiture of your deposit.

Etymology
The underlying image may be doing “beyond” what is right. The noun connects the wrongdoing with its consequence: loss of property, money, or rights as punishment.
In context
it is also possible to undergo forfeiture of other assets for example an investor may forfeit his or her interest in shares of stock this usually comes about because of some breach of contract
More examples
- The court orders forfeiture of the money obtained through fraud.
- Missing the deadline leads to forfeiture of her right to appeal.
- The judge approves two property forfeitures in the fraud case.
Forms
forfeiture · forfeitures
forfeit verb — Lose or surrender something as a penalty.
Similar words
- confiscation
- Emphasizes seizure by an authority rather than the owner's loss.
- penalty
- Covers any punishment, not just loss of property or rights.