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From Longman Dictionary of Contemporary Englishforfeiturefor‧feit‧ure /ˈfɔːfətʃə $ ˈfɔːrfətʃər/ noun [countable, uncountable] formal  LOSE/NOT HAVE ANYMOREwhen someone has their property or money officially taken away because they have broken a law or rule Refusal to sign meant forfeiture of property and exile.
Examples from the Corpus
forfeitureIt is believed to be Britain's largest bail forfeiture.Adherence to Lancaster meant a further forfeiture in 1461, but this was followed by a second restoration in 1470.Punishment has included reduction in rank, forfeiture of pay, confinement and bad conduct discharge.This enables the landlord to seek forfeiture against any occupier of the leased premises.The forfeiture of self-created lobbies is perhaps the major reason for political inaction.
From Longman Business Dictionaryforfeiturefor‧fei‧ture /ˈfɔːfətʃəˈfɔːrfətʃər/ noun [uncountable]1LAW when someone loses property or the legal right to have something because they have broken the lawUnder racketeering law, prosecutors are seeking forfeiture of certain properties.2HUMAN RESOURCESwhen someone loses rights, benefits etcEmployees should be able to move from one organization to another without worrying about forfeiture of pension benefits.
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