'Forfeiture' definitions:

Definition of 'forfeiture'

(from WordNet)
noun
Something that is lost or surrendered as a penalty; [syn: forfeit, forfeiture]
noun
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" [syn: forfeit, forfeiture]
noun
The act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc. [syn: forfeit, forfeiture, sacrifice]

Definition of 'Forfeiture'

From: GCIDE
  • Forfeiture \For"fei*ture\ (?; 135), n. [F. forfeiture, LL. forisfactura.]
  • 1. The act of forfeiting; the loss of some right, privilege, estate, honor, office, or effects, by an offense, crime, breach of condition, or other act. [1913 Webster]
  • Under pain of foreiture of the said goods. --Hakluyt. [1913 Webster]
  • 2. That which is forfeited; a penalty; a fine or mulct. [1913 Webster]
  • What should I gain By the exaction of the forfeiture? --Shak.
  • Syn: Fine; mulct; amercement; penalty. [1913 Webster]