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Definitions for: FORFEITS

forfeits
The act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
A penalty for a fault or mistake that involves losing or giving up something; "the contract specified forfeits if the work was not completed on time"
Something that is lost or surrendered as a penalty;
Lose (s.th.) or lose the right to (s.th.) by some error, offense, or crime; "you've forfeited your right to name your successor"; "forfeited property"