Definitions

1. verb

to give up or surrender something as a penalty or consequence, especially a right or privilege.

“The company was forced to forfeit its license due to non-compliance with regulations.”

2. verb

to lose or give up something, such as a privilege or opportunity.

“She forfeited her chance at a scholarship by not meeting the application deadline.”

3. noun

something that is given up or surrendered as a penalty or consequence.

“The forfeit of their freedom was a harsh punishment for their crimes.”

4. noun

a penalty or consequence that is incurred for failing to meet a requirement or obligation.

“The forfeit of their grant was due to their failure to submit the required reports.”