Definitions

1. verb

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

“The company had to forfeit its contract after failing to meet the deadline.”

2. noun

something that is given up or lost, especially as a penalty or punishment.

“The team’s forfeit of the championship title was a huge disappointment.”

3. noun

a sum of money paid as a penalty or fine.

“The team had to pay a large forfeit for their poor sportsmanship.”