forfeiture
UK: ˈfɔːfɪtʃə | US: ˈfɔːrfɪtʃər
n. the loss of a right, privilege, or property as a penalty for wrongdoing or breach of contract
n. the act of forfeiting something due to failure to meet obligations
The word "forfeiture" originates from Old French forfeture, derived from forfait (a crime or transgression), which itself comes from Latin foris factum ("done outside," i.e., beyond legal boundaries). The root forfeit implies surrendering something as a penalty, while -ure turns it into a noun denoting the result or process. The term evolved in Middle English to specifically mean the loss of property or rights due to misconduct.
The court ordered the forfeiture of his assets after the fraud conviction.
Failure to comply may result in the forfeiture of your deposit.
The contract stipulates forfeiture of benefits for early termination.
The team faced forfeiture of the match due to rule violations.
Historical laws often imposed forfeiture of land for treason.