Definition of Forfeiting:
A type of financing that whereby a bank gives an exporter cash up front so as to guarantee payment to them. Used primarily when export traders deal with high risk countries.
A fine or penalty for wrongdoing.
Lost or surrendered as a penalty for wrongdoing.
Lose or be deprived of (property or a right or privilege) as a penalty for wrongdoing.
Synonyms of Forfeiting
Penalty, Financial penalty, Fine, Fee, Charge, Sanction, Punitive action, Penance
How to use Forfeiting in a sentence?
- Those unable to meet their taxes were liable to forfeit their estates.
- The loser must pay a forfeit.
- His possessions were declared forfeit.
Meaning of Forfeiting & Forfeiting Definition