for·feit

[fawr-fit]
noun
1.
a fine; penalty.
2.
an act of forfeiting; forfeiture.
3.
something to which the right is lost, as for commission of a crime or misdeed, neglect of duty, or violation of a contract.
4.
an article deposited in a game because of a mistake and redeemable by a fine or penalty.
5.
forfeits, (used with a singular verb) a game in which such articles are taken from the players.
verb (used with object)
6.
to subject to seizure as a forfeit.
7.
to lose or become liable to lose, as in consequence of crime, fault, or breach of engagement.
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Forfeit is a GRE word you need to know.
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adjective
8.
lost or subject to loss by forfeiture.

Origin:
1250–1300; Middle English forfet < Old French (past participle of forfaire to commit crime, to lose possession or right through a criminal act) < Medieval Latin forīs factum penalty, past participle of forīs facere to transgress, equivalent to Latin forīs outside, wrongly + facere to make, do

for·feit·a·ble, adjective
for·feit·er, noun
non·for·feit·a·ble, adjective
non·for·feit·ing, adjective
re·for·feit, verb (used with object)
un·for·feit·a·ble, adjective
un·for·feit·ed, adjective
un·for·feit·ing, adjective


7. surrender, yield, relinquish, forgo, waive.
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Based on the Random House Dictionary, © Random House, Inc. 2013.
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World English Dictionary
forfeit (ˈfɔːfɪt) [Click for IPA pronunciation guide]
 
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 plural)
 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

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

forfeit
c.1300, from O.Fr. forfait "crime," originally pp. of forfaire "transgress," from for- "outside, beyond," + faire "to do" (from L. facere; see factitious). Translating M.L. foris factum. Sense shifted mid-15c. from the crime to the penalty. Related: Forfeited; forfeiting; forfeiture.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Vendors who misrepresent themselves or products for the purpose of securing
  booth space will forfeit participation.
Some bottles are attractive enough to forfeit the return deposit.
Were they expelled, they would have to forfeit their degrees, with grave
  implications for their professional futures.
We often hear that the transgressions of felons are so severe that they forfeit
  the moral right to vote.
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