forfeiture

/fˈɔrfʌtʃɝ/

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Definitions

Noun
something that is lost or surrendered as a penalty;
Noun
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"
Noun
the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
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