Forfeiture


 

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Forfeiture

The loss of rights to an asset outlined in a legal contract if a party fails to fulfill obligations of the contract.



Forfeiture

Similar Matches

Non forfeiture clause

Non forfeiture clause

A clause in a life insurance policy which lays out the conditions under which the policy may remain in force for a limited period if the premium remains unpaid after the expiry of the days of grace.




 
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