Forfeit or forfeiture means losing a right, privilege, or property without compensation as a consequence of violating the law, breaching a legal obligation, failing to perform a contractual obligation or condition, or neglecting a legal duty.

Asset forfeiture refers to (1) the seizure of cash, property, or other. items that are suspected of being tied to a criminal offense and (2) the transfer of ownership of these items to the government. The proceeds of these seizures are generally used to support various state and local law enforcement activities.