Forfeits
Definitions
- (n.) Penalties or losses imposed as a result of failing to fulfill a legal obligation, often monetary or property-based.
The contract specified various forfeits in case of breach.
- (v.) (Third-person singular) To lose or be deprived of a right or property as a penalty.
He forfeits his claim to the property by violating the terms.
Forms
- forfeit
- forfeiting
- forfeited
Related terms
See also
Commentary
The term 'forfeits' may appear as both plural noun and third-person singular verb; see base form 'forfeit' for full definitions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.