What do you mean by forfeiture?
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What do you mean by forfeiture?
Definition of forfeiture 1 : the act of forfeiting : the loss of property or money because of a breach of a legal obligation assets subject to forfeiture. 2 : something (such as money or property) that is forfeited : penalty. Synonyms More Example Sentences Learn More About forfeiture.
Does forfeiting mean you lose?
A forfeit is what is lost. You’ve probably heard of forfeiting a game or match — like when you don’t show up with enough players or pick one too many fights with the opposing team. the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
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.
What is the synonym of forfeited?
Synonyms & Near Synonyms for forfeited. released, waived.
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.
How do you spell Forfit?
an act of forfeiting; forfeiture. something to which the right is lost, as for commission of a crime or misdeed, neglect of duty, or violation of a contract.
What’s the opposite of forfeit?
Antonyms & Near Antonyms for forfeit. keep, retain, withhold.
Is it forfeit or forfeited?
to lose the right to do or have something because you have broken a rule: If you cancel now, you forfeit your deposit. These people have forfeited the right to live in society.
What type of word is forfeit?
As detailed above, ‘forfeit’ can be a verb or a noun. Verb usage: He forfeited his last chance of an early release from jail by repeatedly attacking another inmate. Verb usage: Because only nine players were present, the football team was forced to forfeit the game.
What is opposite to forfeit?
What’s a good forfeit?
Sit blindfold while three unidentified people kiss you one at a time. Rate each kiss out of 10. Swap clothes with the person on your left. Tie an apron on another player at the same time as they try to tie one on you.
When can forfeiture be used?
The forfeiture clause allows the landlord’s Bailiff (Certificated Enforcement Agent) to “re-enter” the premises following a breach. The forfeiture clause in the lease would normally say something like “if the rent remains unpaid for a period of 21 days then the landlord may peaceably re-enter and forfeit the lease”.
What is criminal forfeiture?
Under the Rule, the prosecution may pursue the remedy of asset forfeiture by an allegation in the criminal information that it will proceed against the subject of the crime or offense, proceeds or fruits of the crime of offense, or any property used as the means of committing a crime or offense.
What is forfeiture of share?
Forfeiture of shares is referred to as the situation when the allotted shares are cancelled by the issuing company due to non-payment of the subscription amount as requested by the issuing company from the shareholder.
What is the opposite of forfeit?
How do you play forfeits?
He picks up an item and describes it. The owner must identify himself and pay a forfeit – do something amusing/embarrassing – to win back the item. The judge chooses which forfeit to award the player. If the player fails, or refuses the forfeit then the judge keeps the item.
