Related Terms
Automatic loss of ownership right (title) to personal or real property for not complying with a legal provision, or as a court ordered compensation for loss or damage to a plaintiff. Forfeiture clause in a lease gives the lessor the right to cancel the lease and reenter the property on non-payment of rent.

Use 'forfeiture' in a Sentence

Two of the company investors were in danger of forfeiture of their rights to any part of the profits from selling the business to a competitor due to their minimal involvement in its daily operation.
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The forfeiture experienced by the individual was fair as they missed their payment on the property so the bank took ownership.
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If I signed the contract, it would result in the forfeiture of my current contract with the team I was currently playing for.
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