Definitions for "Forfeiture"
The act of forfeiting; the loss of some right, privilege, estate, honor, office, or effects, by an offense, crime, breach of condition, or other act.
Loss of some right, title, estate, or interest in property or of money in consequence of a default.
A loss of money, proprety or privileges due to a breach in contract.
The unvested amount that remains in a pension or profit sharing plan when a participant leaves the plan and withdraws the amounts which are vested. Forfeitures may occur when an employee is terminated, for example. Forfeitures must either be used to reduce the plan sponsor's future contributions to the plan or be reallocated to other participants.----------[ Back
The recapture by the employer of nonvested employer contributions. Used to pay plan expenses or for future employer contributions.
the benefits that a participant loses if he or she terminates employment before becoming eligible for full retirement benefits under the plan. The difference between the total benefit and total vested benefit.
Keywords:  penalty, lose, mistake, mulct, useit
That which is forfeited; a penalty; a fine or mulct.
The IRS requires that funds set aside in your Health Care and Dependent Day Care Spending Accounts must be used to pay for eligible expenses you incur during the same calendar year. According to IRS regulations, if you have funds left in your spending accounts at the end of the year and no eligible expenses to claim, you will lose (forfeit) the leftover dollars. You have until April 30th of the following year to submit expenses. If you have funds left in your spending accounts at the end of the calendar year and no eligible expenses to claim, you will lose, or forfeit, the leftover dollars. You may not apply the balance to the next year or receive a refund of any unused funds in the accounts. For more information go to
A cancellation. A legal action whereby a contract purchaser following default loses all his interest in the property.
The act by which the Attorney General or the Chancery Court forfeits the charter of a corporation due to the corporationâ€(tm)s abuse, misuse or nonuse of its corporate powers.
Keywords:  interrogatories, form
Form Interrogatories
an in rem civil proceeding, independent of the criminal charge
Where, in some criminal matters, property is taken by the government• Sentencing Options
See Asset forfeiture.
The confiscation of assets either used in or derived from illegal activity.
an anomaly that cannot survive review based upon the rational basis standard
Issued by the court advising non-appearance of a defendant on bail stipulating schedule of demand for full payment of the subject bail bond.