forfeit

Noun
  1. Something that is lost or surrendered as a penalty (synset 113322197)
  2. A penalty for a fault or mistake that involves losing or giving up something (synset 113321945)
    "the contract specified forfeits if the work was not completed on time"
  3. The act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc. (synset 100206740)
Adjective
  1. Surrendered as a penalty (synset 301455164)
Verb
  1. Lose (s.th.) or lose the right to (s.th.) by some error, offense, or crime (synset 202308311)
    "you've forfeited your right to name your successor"; "forfeited property"

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