declare forfeit

See: dispossess
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Reportedly, on 20 May 2016, Uponor had announced its board of directors' decision to declare forfeit and sell any shares issued on the basis of the bonus issues of 18 March 1998 and 16 November 2004, which had not been accepted by 20 May 2017.
Explaining why they would not allow Panvert to reverse his mistake, BHB communications manager Will Lambe said: "The procedure with early closing races is that once a trainer enters a horse into a particular race, it will stay in until the five-day confirmation stage is reached, unless they declare forfeit.