Forfeit Meaning. The owner of the money will lose any. The loss of a corporate charter or franchise as a result of illegality malfeasance or Nonfeasance.
The loss of a corporate charter or franchise as a result of illegality malfeasance or Nonfeasance. FORFEIT noun The noun FORFEIT has 3 senses. Learners definition of FORFEIT not used before a noun formal.
An example of forefeit is when you lose your drivers license because you got too many tickets.
Penalty They were required to pay a forfeit. Youve forfeited your right to name your successor. Entry 1 of 3 1. Penalty They were required to pay a forfeit.
