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 ?
The Respondent argued that it had been agreed that the initial sum paid was a deposit, and that by reneging on the deal this had been forfeited by the Claimant, pursuant to Article 148 of the UAE Civil Code:
The settlement is the result of a vacation policy that Lexmark implemented in the '90s requiring employees to forfeit all vacation and personal days if they were not used by the end of each year.
Warwickshire Taverners - Week Eleven: Tuesday, July 3 - No.5 v Ernst and Young (match postponed) Wednesday, July 4 - Cobbetts v DTZ (match postponed) Thursday 5 July 2012 - Mills and Reeve v Wragge and Co (match postponed) Monday 9 July 2012 - Shakespeares lost to Gateleys, Match forfeit
Last week Judge Peter Fox, sitting with two magistrates at Teesside Crown Court, ruled that the authority was wrong to order Allen to forfeit 65% of his pension.
Mr Davies said: "Public sector workers forfeited a day's pay.
The court found the cash was the proceeds of crime and ordered that it be forfeited.
KARACHI: The cricket boards of Pakistan and England have resolved the financial dispute that arose after the forfeited Oval test on Pakistan s tour to England in 2006.
But his care worn opponents aren't the only ones feeling the Scot's force as his back-up team, Miles Maclagan, Andy Ireland, Matt Little and conditioning coach Jez Green are made to pay forfeits for losing at foot-tennis in his warm-ups.
Public prosecutors had demanded two and a half years, a 1 million yen fine and a 6.3 million yen forfeit for Li and two and a half years, a 3 million yen fine and a 55 million yen forfeit for Su.
These include cases in which employees forfeit an option before it is vested, the company cancels an option after vesting or an option expires unexercised, typically because it is underwater.
If a mortgage originator chose to deliver nothing, it would forfeit the nonrefundable portion of the commitment fee paid to Freddie Mac.
A SIKH priest in Rugby who helped people enter the UK illegally has been ordered to forfeit pounds 25,000.