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Definition of «forfeiture»

The term forfeiture refers to the act of losing or surrendering something, often due to a violation of rules or laws. In legal contexts, it can also refer to the process by which property is seized and transferred to the government because it was used in connection with criminal activity or as proceeds from crime. This type of forfeiture is commonly referred to as "civil asset forfeiture" and allows law enforcement agencies to seize assets without a conviction, often based on suspicion alone.

Usage examples

  1. The court ordered forfeiture of the defendant's assets as part of the sentencing.
  2. Non-compliance with the terms and conditions of the loan agreement may result in forfeiture of the collateral.
  3. The athlete faced forfeiture of their medal after testing positive for banned substances.
  4. The company constructed a forfeiture clause in the employment contract to protect their intellectual property rights.
  5. The government implemented a new policy allowing for the forfeiture of property involved in criminal activities.

Phrases with «forfeiture»

Sentences with «forfeiture»

  • The court also directed the publication of the interim orders in any national newspaper for anyone who is interested in the cash sums and the properties to appear before the judge to show cause within 14 days why the final order of forfeiture of the properties should not be made in favour of the Federal Government of Nigeria. (punchng.com)
  • Yesterday, a constitutional amendment requiring the pension forfeiture of individuals convicted of felonies connected to their holding of public office was released. (politico.com)
  • The team uses civil asset forfeiture in addition criminal remedies and coordinates the criminal and civil sides. (lawyer-monthly.com)
  • (see all sentences)

See also

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