Forfeiting


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Related to Forfeiting: Forfaiting

Forfeiting

Method of financing international trade of capital goods.

Forfeiture

The loss of a right or property. Forfeiture usually occurs when one has neglected to fulfill one's obligations necessary to keep the right or property. For example, one may forfeit one's house if the mortgage defaults.
References in periodicals archive ?
The statutory basis for forfeiting homes and businesses of tax evaders is already in place.
Many of the shoppers who didn't follow-up on a price match guarantee indicated they didn't have time to track these offers or didn't have time to go to the store to get the refund, while those forfeiting rebates either forgot about it, lost the form or didn't bother claiming it because it was too complicated.
Instead of forfeiting $84,000, Guillen will forfeit about $24,000.