Dictionary definition · forfeit
noun
- something that is lost or surrendered as a penalty
- 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"
- the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
verb
- lose (something) or lose the right to (something) by some error, offense, or crime"you've forfeited your right to name your successor"
adjective
- surrendered as a penalty
Source: Open English WordNet (CC BY 4.0).