What is to forfeit mean?

1 : to lose or lose the right to especially by some error, offense, or crime. 2 : to subject to confiscation as a forfeit also : abandon, give up. forfeit. adjective. Definition of forfeit (Entry 3 of 3)

What is an example of forfeit?

Forfeit means to lose or give up something, usually as a penalty. If you don't finish your homework and eat all your broccoli, you'll most likely forfeit your right to watch TV before going to bed.

Does forfeit mean quit?

As verbs the difference between forfeit and quit

is that forfeit is to suffer the loss of something by wrongdoing or non-compliance while quit is .

What is another word for forfeiting?

OTHER WORDS FOR forfeit

7 surrender, yield, relinquish, forgo, waive.

What happens when forfeit?

What Is Forfeiture? Forfeiture is the loss of any property without compensation as a result of defaulting on contractual obligations, or as a penalty for illegal conduct.

Which is charged with a forfeit?

Forfeiture refers to a loss of any property, money, or assets without consideration or compensation in return. A forfeiture generally occurs due to default in complying with repayment obligations under a contract. It can also be used as a penalty for an illegal way of conducting business.

What are the three types of forfeiture?

Under Federal law, there are three (3) types of forfeiture: criminal forfeiture, civil judicial forfeiture, and administrative forfeiture.

What is forfeit antonym?

Antonyms & Near Antonyms for forfeit. keep, retain, withhold.

What is the closest meaning of concede?

Some common synonyms of concede are accord, award, grant, and vouchsafe. While all these words mean "to give as a favor or a right," concede implies yielding something reluctantly in response to a rightful or compelling claim.

Is forfeit synonym of surrender?

In this page you can discover 36 synonyms, antonyms, idiomatic expressions, and related words for forfeit, like: give over, give up, forfeited, relinquish, confiscatory, surrender, abandon, waive, sacrifice, amercement and fine.

Does a forfeit count as a loss?

A forfeit results in loss for the offending team by a score of 20−0, and in tournaments that use the FIBA points system for standings, zero points for the match.

What is the sentence of forfeit?

1 If you cancel now I'm afraid you forfeit your deposit. 2 If you always tease others like that, you'll forfeit the good opinion of your friends. 3 He was ordered to forfeit more than ￡1.5m in profits. 4 His lands were forfeit.

What is a forfeiture clause?

A forfeiture clause in real estate is a seller's remedy that allows a seller to take back property purchased on a land installment contract if the buyer defaults on payments.

Is admit a synonym for concede?

In this page you can discover 57 synonyms, antonyms, idiomatic expressions, and related words for concede, like: allow, yield, acknowledgement, refuse, vouchsafe, admit, admission, grant, acknowledge, undeniable and concession.

What's the word that means full of yourself?

Conceited, self-centered, as in Ever since she won the prize Mary's been so full of herself that no one wants to talk to her. This expression uses full of in the sense of “engrossed with” or “absorbed with,” a usage dating from about 1600.

What is condescending attitude?

Definition of condescending

: showing or characterized by a patronizing or superior attitude toward others.

Where does forfeiture go?

The unvested funds will go into a 401(k) forfeiture account. As an employee, you don't have anything to do with that money anymore. You simply get to keep your vested funds, and the employer has to manage the rest of the unvested cash in the forfeiture account.

When can forfeiture be used?

What is forfeiture and when can it be used? The ability to forfeit enables a landlord to re-enter their property following a breach by the tenant, and by doing so, terminate the lease. Depending upon the reason for forfeiture, termination can take place with immediate effect, or following a period of notice.

What is a forfeiture action?

Criminal forfeiture is an action brought as a part of the criminal prosecution of a defendant. It is an in personam (against the person) action and requires that the government indict (charge) the property used or derived from the crime along with the defendant.

What does it mean to forfeit a deposit?

If you break your lease or leave extensive damage, though, you'll likely get a forfeit deposit letter, notifying you that the landlord is keeping the entirety of your deposit, along with the reason.

What does forfeiture mean in 401k?

December 11, 2020. By Jay Vora. Forfeitures are plan assets generally derived from non-vested employer contributions that are forfeited from a participant's account when that participant terminates employment and is not fully vested.

What is forfeiture of tax refund?

(A) Forfeiture of Refund.- A refund check or warrant issued in accordance with the pertinent provisions of this Code, which shall remain unclaimed or uncashed within five (5) years from the date the said warrant or check was mailed or delivered, shall be forfeited in favor of the Government and the amount thereof shall ...

How do you forfeit a residential lease?

In a residential context, a landlord must issue proceedings at court to forfeit the lease. Before he does so, the leaseholder must either admit the breach or there must be a court or tribunal determination that the leaseholder is indeed in breach.

Can a tenant forfeit a lease?

STEPS TO TAKE BEFORE FORFEITING A LEASE

Conventionally, it will apply to any breach of covenant by the tenant, except that, where rent is concerned, the right to forfeit will usually only arise 14 or 21 days after the rent falls due.