What is the meaning of Forfeit?

A penalty for or consequence of a misdemeanor.

A thing forfeited; that which is taken from somebody in requital of a misdeed committed; that which is lost, or the right to which is alienated, by a crime, breach of contract, etc.

Something deposited and redeemable by a sportive fine as part of a game.

Injury; wrong; mischief.

To suffer the loss of something by wrongdoing or non-compliance

To lose a contest, game, match, or other form of competition by voluntary withdrawal, by failing to attend or participate, or by violation of the rules

To be guilty of a misdeed; to be criminal; to transgress.

To fail to keep an obligation.

Of government officials: to legally remove property from its previous owners.

Lost or alienated for an offense or crime; liable to penal seizure.

Source: wiktionary.org