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Wordage.info / forfeit

Exact Match:

forfeit
the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
a penalty for a fault or mistake that involves losing or giving up something; "the contract specified forfeits if the work was not completed on time"
something that is lost or surrendered as a penalty;
lose or lose the right to by some error, offense, or crime
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