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.
(n) a penalty for a fault or mistake that involves losing or giving up something, Syn.forfeiture, Example: the contract specified forfeits if the work was not completed on time
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