Forfeiting

Forfeiting,

Definition of Forfeiting:

  1. 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.

  2. A fine or penalty for wrongdoing.

  3. Lost or surrendered as a penalty for wrongdoing.

  4. 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?

  1. Those unable to meet their taxes were liable to forfeit their estates.
  2. The loser must pay a forfeit.
  3. His possessions were declared forfeit.

Meaning of Forfeiting & Forfeiting Definition