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forfeit 
  n 
1 something lost or given up as a penalty for a fault, mistake, etc. 
2 the act of losing or surrendering something in this manner 
3  (Law) something confiscated as a penalty for an offence, breach of contract, etc. 
4 sometimes pl 
a a game in which a player has to give up an object, perform a specified action, etc., if he commits a fault 
b an object so given up 
  vb 
5 tr to lose or be liable to lose in consequence of a mistake, fault, etc. 
6 tr  (Law) 
a to confiscate as punishment 
b to surrender (something exacted as a penalty) 
  adj 
7 surrendered or liable to be surrendered as a penalty 
  (C13: from Old French forfet offence, from forfaire to commit a crime, from Medieval Latin foris facere to act outside (what is lawful), from Latin foris outside + facere to do) 
 forfeitable  adj 
 forfeiter  n