forfeiture

英['fɔːfɪtʃə(r)] 美['fɔrfətʃɚ]

1. something that is lost or surrendered as a penalty;

2. 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"

3. the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.