forfeiture forfeiture  /ˈfɔr fə tʃər/

Definition(s):

  1. (n) the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
  2. (n) something that is lost or surrendered as a penalty
  3. (n) a penalty for a fault or mistake that involves losing or giving up something

Synonym(s)

Usage(s):

  1. Although DeLay's forfeiture of his leadership post makes things easier for the White House, the Abramoff saga will continue to be a problem.
  2. The government is seeking forfeiture of Gonzalez's Miami condo, his BMW, a firearm, a currency counter and nearly $1.
  3. Prosecutors are looking for $170 billion in forfeiture from Madoff's former right-hand man.

News

  1. The DEA Seized Bitcoins In A Silk Road Drug Raid

    In the underground world of the deep web there are few places as nefarious as Silk Road. The site, hidden on the Tor network has long been one of the primary venues for buying and selling contraband using Bitcoin. Now, it seems, the DEA has caught on. On June 23, the organization posted in their standard forfeiture announcements that it had seized 11.02 Bitcoins from a Silk Road user named Eric ...
    on June 27, 2013     Source: TechCrunch

  2. U.S. Department of Justice Selects Unisys to Support Asset Forfeiture Program

    BLUE BELL, Pa., June 26, 2013 /PRNewswire/ --  Unisys Corporation (NYSE: UIS) was awarded a blanket purchase agreement (BPA) to support Department of Justice (DOJ) Forfeiture Systems managed by the Asset ...
    on June 26, 2013     Source: PR Newswire via Yahoo! Finance

  3. South Carolina man indicted in scheme to sell excavator he did not own to Birmingham company

    Thomas Chase Chiles, 46, is charged in the indictment with one count of wire fraud. The indictment also seeks forfeiture of $60,000 to the United States as proceeds of illegal activity, according to a joint statement from U.S. Attorney Joyce White Vance and U.S. Secret Service Acting Special Agent in Charge Jeffrey Anderson.
    on June 26, 2013     Source: Birmingham News

Quotes

  1. Goodell said he did not suspend Belichick because, "The discipline I am imposing of a maximum fine and forfeiture of a first-round draft choice, or multiple draft choices, is in fact more significant and long-lasting, and therefore more effective,...
    on Sep 13, 2007 By: Roger Goodell Source: USA Today

  2. "The illicit commercial activities prostitution and trafficking in controlled substances that are the focus of the City's vehicle forfeiture ordinance are matters of statewide concern that our Legislature has comprehensively addressed ...... leaving...
    on Jul 26, 2007 By: Joyce Kennard Source: San Jose Mercury News

  3. "My agreement to end this dispute through making a charitable donation of my claim to some Fannie Mae stock, the forfeiture of some stock options, and a payment by the company's insurance carrier, is consistent with my acceptance of accountability...
    on Apr 18, 2008 By: Franklin Raines Source: Bloomberg

Word of the Day
fathom fathom
/ˈfæ ðəm /