forfeit


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Forfeit

To lose to another person or to the state some privilege, right, or property due to the commission of an error, an offense, or a crime, a breach of contract, or a neglect of duty; to subject property to confiscation; or to become liable for the payment of a penalty, as the result of a particular act. To lose a franchise, estate, or other property, as provided by the applicable law, due to Negligence, misfeasance, or omission.

This nonconsensual deprivation transfers the property to another person or restores it to the original grantor.

forfeit

v. to lose property or rights involuntary as a penalty for violation of law. Example: the government can take automobiles or houses which are used for illegal drug trafficking or manufacture. A drug pusher may forfeit his/her car (property) if caught carrying drugs in it and found guilty. A parent may have to forfeit his/her house if his/her daughter is selling drugs from the house, even though the parent had nothing to do with and no knowledge of the drugs. One may have to forfeit one's driver's license or lose driving privileges due to multiple traffic violations or drunk driving. (See: forfeiture)

forfeit

verb abandon, abdicate, abjure, alienate by breach of condition, be deprived of, capitulate, cede, default, deliver up, demit, disgorge, escheat, fail to keep, fail to retain, forgo, forswear, give away, give up, give up claim to, give up the argument, give up the point, incur a loss, let go, let slip, lose, lose an opportunity, lose by breach of condition, lose by default, lose by failure to appear, meet with a loss, part with, put aside, quit, re multari, relinquish, rem amittere, renounce, repudiate, sacrifice, surrender, waive, withdraw, yield
Associated concepts: forfeit a bond, forfeit a deposit, forfeit bail
See also: abandon, amercement, confiscate, deposit, detriment, discontinue, disfranchise, disinherit, divest, effect, expense, fine, lose, loss, penalize, penalty, sacrifice, surrender, toll
References in periodicals archive ?
The fixture list is a busy one and with quality racing week-in, week-out there are going to be occasions when entries and forfeits for big races clash.
After nearly two weeks of back-and-forth, the league decided to uphold the forfeits.
The stock is restricted in that Tim forfeits all rights to the shares if he leaves XYZ before Jan.
Paul Kenneth Johnson, aged 28, of Naul's Mill House, Middleborough Road, Radford, Coventry, possession of cannabis resin, a controlled class B drug, fined pounds 250 and ordered to forfeit the cannabis resin for destruction.
With 80 still left in after the first forfeit stage we would certainlybe hoping for a field inthe high 30s, if not the maximum of 40," he said.
It was said that "Kersey was placed on the forfeit list over a pounds 834 debt owed to Weatherbys".
He also assumes the risk of having neither the property nor a tax loss if he subsequently forfeits the interest.
When the market took a nosedive in the late 80's, many owners became reluctant to bite the bullet and lower prices on their properties knowing because they would have to forfeit 10 percent of a profit that was far less than they projected.
Granard will forfeit any portion of the shares not vested at the time that he ceases providing services to ECHO.
Marion also accepted a forfeit win from Centralia and now holds a 16-2 record for the season.
San Bernardino Valley -- which would have played Canyons in the semifinal -- was forced to forfeit its first-round victory Wednesday over Pierce College of Woodland Hills because of an altercation during the game.
If the Pac-10 rules Bush ineligible, USC would forfeit its 2005 conference title, according to commissioner Tom Hansen.