Forfeiting

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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 ?
Having a glut of entries and forfeits on the same day also means that race sponsors do not receive maximum exposure, and attracting sponsorship is difficult enough these days.
If Tim were to leave XYZ prematurely and forfeit his stock after making the election, the tax consequences are more severe.
Corina Elizabeth Wallace, aged 27, of Thomas Sharp Street, Canley, Coventry, possession of three wraps of crack cocaine, a controlled class A drug, and obstructing a police constable in the execution of his duties, fined pounds 40 and ordered to forfeit the drugs for destruction.
The court also ordered him to temporarily forfeit two landed properties.
We were both of the mind(-set) that you only had to forfeit a timeout in the first half, but we were told thatwe would have to forfeit a timeout in both halves, and that's a little scary in a game that matters that much.
We left him in the Tote Cheltenham Gold Cup at the forfeit stage onTuesday, but he would only run in that if the ground came up very heavy,"said part-owner Nigel Payne.
Dr Paull Khan, director of racing and banking at Weatherbys, sets the record straight over the forfeit system in the light of Trevor Kersey's retirement
To this end, the partners have agreed that Harry will forfeit his partnership interest if he fails to perform the agreed-on services through the completion of construction, unless the failure is caused by his death or disability.
Bradbury observed: "We find no reason why law enforcement officers who were investigating suspected narcotics violations would have any interest in the value of the ranch or the value of the property sold in the same area other than if they had a motive to forfeit that property.
She believes banks and financial institutions should follow the "logic" of the state, which, she says, has opted to forfeit tax revenue for the good of the economy.
Asplund will forfeit any portion of the shares not vested at the time that he ceases providing services to ECHO.