Forfeit
 

forfeit
adjective1.surrendered as a penalty[syn: confiscate]
noun1.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.
verb1.lose (s.th.) or lose the right to (s.th.) by some error, offense, or crime; "you've forfeited your right to name your successor"; "forfeited property"[ant: arrogate]