forfeit, forfeiture -- (something that is lost or surrendered as a penalty;)
forfeit, forfeiture -- (a penalty for a fault or mistake that involves losing or giving up something; "the contract specified forfeits if the work was not completed on time")
forfeit, forfeiture, sacrifice -- (the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.)
Overview of verb forfeit
The verb forfeit has 1 sense
forfeit, give up, throw overboard, waive, forgo, forego -- (lose (s.th.) or lose the right to (s.th.) by some error, offense, or crime; "you've forfeited your right to name your successor"; "forfeited property")