say it: FAWR-fit
forfeit is a noun, verb and adjective meaning "something that is lost or surrendered as a penalty". It carries 5 recorded senses.
something that is lost or surrendered as a penalty
a penalty for a fault or mistake that involves losing or giving up something
“the contract specified forfeits if the work was not completed on time”
the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
surrendered as a penalty
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for forfeit come from Princeton University’s WordNet. The pronunciation comes from the CMU Pronouncing Dictionary. Commonness is measured against a corpus of everyday English. Full sources and licences.