1.Definition: a penalty for a fault or mistake that involves losing or giving up something

"The contract specified forfeits if the work was not completed on time"

Related Noun(s):forfeiture

Category: General

2.Definition: something that is lost or surrendered as a penalty

Related Noun(s):forfeiture

Category: General

3.Definition: the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.

Related Noun(s):forfeiture, sacrifice

Category: General