Forfeiture
/fˈɔrfətʃər/
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Definition
(noun) A legal action whereby a person loses all interest in the forfeit property.
Sentence Examples
Forfeiture of your assets is the last thing you should be worried about.
Tom bought his car at a forfeiture auction.
CEFR Practice Quiz
The illegal activities of the corporation resulted in the ____ of all its significant assets.