Amount paid by the terminated and non-participating participant. In pension plans, this money should be used to reduce future employers' contributions. With the distribution of profits, money can be transferred to other participants' accounts.
Meanings of Forfeitures
Loss or surrender of something as punishment for a crime.
Sentences of Forfeitures
The judge ordered his computer confiscated
Synonyms of Forfeitures
losing, confiscation, denial, sequestration, loss