Forfeiture usually involves a clear penalty for wrongdoing, highlighting consequences. After the scandal, the CEO faced the forfeiture of his stock options.
Pro Tip 2/3
Legal Context
Common in legal situations where property or rights are taken due to legal violations. His conviction led to the forfeiture of his driver's license.
Pro Tip 3/3
Mistakes Cost
Forfeiture implies that a mistake has a tangible cost, often financial or material. The company's oversight resulted in the forfeiture of the contract.