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Finance Dictionary and Glossary of Investment Terms
forfeiture
Definition 1.
A loss of money, property, or privileges due to a breach of legal obligation, which serves as compensation for resulting losses.
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Definition 2.
The loss of an asset or rights to an asset, due to default on contractual obligations or conditions.
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Definition 3.
The loss of rights to an asset outlined in a legal contract if a party fails to fulfill obligations of the contract.
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