What is the meaning of forfeit?

noun

• Something that is lost or surrendered as a penalty;.
  • synonyms: forfeiture
• A penalty for a fault or mistake that involves losing or giving up something.
  • usage: "the contract specified forfeits if the work was not completed on time"
  • synonyms: forfeiture
• The act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc..
  • synonyms: forfeiture, sacrifice

verb

• Lose (s. Th.) or lose the right to (s. Th.. by some error, offense, or crime)
  • usage: "you've forfeited your right to name your successor"; "forfeited property"
  • synonyms: give up, throw overboard, waive, forgo, forego

adjective

• Surrendered as a penalty.
  • synonyms: confiscate, forfeited