What does forfeiting mean?
verb
To give up or lose something, especially a right or privilege, as a penalty for not fulfilling an obligation or as a result of a mistake or wrongdoing. To surrender or relinquish something, often in a formal or official manner.
Example
"The company was forced to forfeiting its contract due to non-compliance with regulatory requirements."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.