Meaning of the word forfeited in English

What does forfeited mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

forfeited

US /ˈfɔːr.fɪtɪd/
UK /ˈfɔː.fɪtɪd/

Adjective

lost or surrendered as a penalty for wrongdoing or a breach of contract

Example:
Due to his absence, his right to the prize was forfeited.
The deposit was forfeited when the buyer backed out of the deal.
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