forfeiture
FinanceLv.4 (900)noun
Definition
the loss of property, money, or rights as a penalty for wrongdoing or default
Examples
Breaching the contract led to forfeiture of the deposit.
The terms specify forfeiture of collateral upon default.
Collocations
forfeiture of a depositasset forfeitureforfeiture of rights
Paraphrase
loss as penaltyconfiscation