forfeitable


Also found in: Thesaurus, Legal, Financial, Encyclopedia.

for·feit

 (fôr′fĭt)
tr.v. for·feit·ed, for·feit·ing, for·feits
1. To lose or give up (something) on account of an offense, error, or failure to fulfill an agreement: The other team did not show up in time and so forfeited the game.
2. To subject to seizure as a forfeit.
n.
1. Something that is lost or given up on account of an offense, error, or failure to fulfill an agreement.
2. The act of forfeiting: The team lost the game by forfeit.
3.
a. In parlor games, an item placed in escrow and redeemed by paying a fine or performing an appointed task.
b. forfeits A game in which forfeits are demanded.
adj.
Lost or subject to loss through forfeiture.

[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.]

for′feit·a·ble adj.
for′feit·er n.
Mentioned in ?
References in periodicals archive ?
edu/rules/frcp) Federal Rules of Civil Procedure , the government is granted the ability to sell any property alleged to be forfeitable before the final order of forfeiture if, among other reasons, the property is "perishable or at risk of deterioration, decay, or injury by being detained in custody pending the action," or "the expense of keeping the property is excessive or is disproportionate to its fair market value.
The Court ordered the defendant to pay the amount of $30,000 to the government after learning he had forfeitable assets.
IRS rulings have provided some insight, resulting in the common use of certain features, including covenants not to compete; rolling risk of forfeiture provisions by which the employer and employee mutually agree to delay the vesting date; and use of an employee deferral election to defer the receipt of compensation on a tax-deferred and forfeitable basis subject to a substantial risk of forfeiture.
10709, providing for 30 days forfeitable leave privileges annually to all judges of first level courts.
10709 providing 30 days of forfeitable leave privileges annually to all judges of first level courts.
48 million or less than the forfeitable amount of his alleged loot.
173) She weighed this against the State's interest in keeping potentially forfeitable property safe from destruction or sale.
451-2 specify that so long as the employee's rights are forfeitable, there can be no constructive receipt.
That capital serves as a forfeitable collateral bond that induces suppliers to provide expected levels of quality in order to stay solvent over the long term.
And while "rights" occurs in some medieval authors, as Brian Tierney has recently shown, (24) the "rights" in question never appear as unconditional, but are always circumscribed by law, are contingent on the prior performance of duties, and hence are forfeitable.
prosecuting forfeitable offenses have the utterly predictable effect of
The government's complaint is deficient on its face because it does not provide any facts, much less facts supporting a reasonable belief that it could prove the property forfeitable at trial," Cassinelli wrote in her motion to dismiss.