forfeiture of a right

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• forfeiture — for·fei·ture / fȯr fə ˌchu̇r/ n 1: the loss of a right, money, or esp. property because of one s criminal act, default, or failure or neglect to perform a duty compare waiver 2: something (as money or property) that is forfeited as a penalty… …   Law dictionary

• Forfeiture — For fei*ture (?; 135), n. [F. forfeiture, LL. forisfactura.] 1. The act of forfeiting; the loss of some right, privilege, estate, honor, office, or effects, by an offense, crime, breach of condition, or other act. [1913 Webster] Under pain of… …   The Collaborative International Dictionary of English

• forfeiture — /forfatyar/ A comprehensive term which means a divestiture of specific property without compensation; it imposes a loss by the taking away of some preexisting valid right without compensation. L & K Realty Co. v. R.W. Farmer Const. Co., Mo.App.,… …   Black's law dictionary

• forfeiture — /forfatyar/ A comprehensive term which means a divestiture of specific property without compensation; it imposes a loss by the taking away of some preexisting valid right without compensation. L & K Realty Co. v. R.W. Farmer Const. Co., Mo.App.,… …   Black's law dictionary

• Right to Manage — The United Kingdom Commonhold and Leasehold Reform Act 2002 [ [http://www.statutelaw.gov.uk/legResults.aspx?LegType=All+Legislation title=commonhold+and+leasehold+reform+act Year=2002 searchEnacted=0 extentMatchOnly=0 confersPower=0… …   Wikipedia

• forfeiture — The loss of rights to an asset outlined in a legal contract if a party fails to fulfill obligations of the contract. Bloomberg Financial Dictionary * * * forfeiture for‧fei‧ture [ˈfɔːftʆə ǁ ˈfɔːrftʆər] noun [uncountable] 1. LAW when someone… …   Financial and business terms

• Forfeiture Act 1870 — The Forfeiture Act 1870 (c. 23) is a British Act of Parliament which abolished forfeiture of goods and land as a punishment for treason and felony. It does not apply to Scotland. Although mostly repealed today, section 2 remains in force, and… …   Wikipedia

• forfeiture — UK [ˈfɔː(r)fɪtʃə(r)] / US [ˈfɔrfɪtʃər] noun [countable/uncountable] Word forms forfeiture : singular forfeiture plural forfeitures legal the loss of a right, a benefit, or something that you own because you have failed to do something or have… …   English dictionary

• forfeiture — forfeit ► VERB (forfeited, forfeiting) 1) lose or be deprived of (property or a right or privilege) as a penalty for wrongdoing. 2) lose or give up as a necessary consequence. ► NOUN 1) a fine or penalty for wrongdoing. 2) Law a forfeited right,… …   English terms dictionary

• forfeiture — for|fei|ture [ fɔrfıtʃər ] noun count or uncount LEGAL the loss of a right, a benefit, or something you own because you have failed to do something or have done something wrong: They risked forfeiture if they were late with the payment …   Usage of the words and phrases in modern English

• forfeiture — The loss or deprival of an *asset or legal right. Forfeiture can be a punishment for wrongdoing, or it can arise from the nonoccurrence of an event in a commercial contract. An example of the latter is the loss of a deposit required for the… …   Auditor's dictionary