forfeiture

Vocabulary Word

Definition

'Forfeiture' goes beyond just losing - it's when something is taken away from you (like money or property), usually because of a rule violation or legal issue.

Examples in Different Contexts

In contractual agreements, avoiding 'forfeiture' is vital. A contracts manager might say, 'Avoiding forfeiture clauses in our contracts is essential to protect our assets and ensure we do not incur unnecessary losses due to contractual non-compliance.'

Practice Scenarios

Sport

Scenario:

Main player got injured and our substitute doesn't meet eligibility requirements. We might have to consider unfavorable options.

Response:

Sadly, it might come down to a game forfeiture. Safety and rules come before victory.

Tech

Scenario:

This client has been repeatedly warned about violating our IT policies. We must decide on appropriate responses.

Response:

It's unfortunate, but we can't ignore persistent policy breaches. A forced forfeiture of some services might be the best action.