Forfeiting


Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
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 ?
In a three-page order, the BI Board of Commissioners denied with finality the Motion for Reconsideration filed by Fox's lawyers which sought a reversal of the Board's April 23 order forfeiting her visa and directing her to leave the country within 30 days.
"As much as we want to play, we only have four players, so we are forfeiting our game against Jose Rizal," said Divina, pointing out that only Joseph Eriobu, Jesse Saitanan, Jeson Cantos and Jerome Canaynay were fit to play for the Cardinals.
England were awarded the match after hours of high-level meetings resulted in the tourists forfeiting the Test following a dramatic ball-tampering controversy.
The statutory basis for forfeiting homes and businesses of tax evaders is already in place.
To avoid forfeiting this amount, M might ask his employer to prepay an expected future medical expense or he could request reimbursement for health-related items such as nonprescription drugs.