forfeit >> ˈfɔːfɪt
Definition: [verb] lose or be deprived of (property or a right or privilege) as a penalty for wrongdoing.
Example: those unable to meet their taxes were liable to forfeit their estates
Definition: [noun] a fine or penalty for wrongdoing.
Example: the loser must pay a forfeit
Definition: [adjective] lost or surrendered as a penalty for wrongdoing.
Example: his possessions were declared forfeit