Forfeit - in Law

In Law

  • Asset forfeiture, in law, the confiscation of assets related to a crime
  • Forfeiture (law), deprivation or destruction of a right in consequence of not performing an obligation or condition

Read more about this topic:  Forfeit

Famous quotes containing the word law:

    One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.
    William Howard Taft (1857–1930)

    Just as the constant increase of entropy is the basic law of the universe, so it is the basic law of life to be ever more highly structured and to struggle against entropy.
    Václav Havel (b. 1936)