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Forfeitable

   Also found in: Legal, Wikipedia 0.12 sec.
for·feit  (fôrft)
n.
1. Something surrendered or subject to surrender as punishment for a crime, an offense, an error, or a breach of contract.
2. Games
a. Something placed in escrow and then redeemed after payment of a fine.
b. forfeits A game in which forfeits are demanded.
3. A forfeiture.
adj.
Lost or subject to loss through forfeiture.
tr.v. for·feit·ed, for·feit·ing, for·feits
1. To surrender, be deprived of, or give up the right to on account of a crime, an offense, an error, or a breach of contract.
2. To subject to seizure as a forfeit.

[Middle English forfet, crime, penalty, from Old French forfait, past participle of forfaire, to commit a crime, act outside the law : fors-, beyond; see foreclose + faire, to do; see feasible.]

forfeit·a·ble adj.
forfeit·er n.

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Shortly thereafter the Justice Department cut a deal with one of Hallinan's clients, a marijuana smuggler, allowing him to keep more than $4 million in forfeitable profits from drug dealing in exchange for his testimony implicating Hallinan in a drug conspiracy.
Typically, amounts deferred under an unfunded nonqualified arrangement will not be forfeitable.
83(b), employees may elect to immediately include the value of the restricted stock in taxable income at the time the stock is transferred to them, even though the stock remains forfeitable.
 
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