forfeiture-n; 3 Senses

Sense Number 1: an asset or property surrendered as punishment

Commentary: FORFEITURE[+entity][+asset][+surrendered]
NOTE: you can point at it (or compute it).

Bob's new sailboat is actually a forfeiture related to a narcotics bust.
When John declared bankruptcy, his house was one of the forfeitures.
The team incurred a two point forfeiture for the foul. (you can count the points)

WordNet 3.0 Sense Numbers: 1

Sense Number 2: the legal state of being liable for a penalty

Commentary: FORFEITURE[+state][+social][+legal][+obligation][+penalty]

The contract clearly specifies forfeiture of payment for work not completed on time.
He didn't fully comprehend the forfeiture of intellectual property implied in the contract he signed as an employee.
Note: usually refers to a stated legal obligation on a written contract

WordNet 3.0 Sense Numbers: 2

Sense Number 3: the act of surrendering an asset

Commentary: FORFEITURE[+action][+surrender][+asset][+property/+right/+advantage]
NOTE: a nominalization, describing an act of losing something
NOTE: often in the form X's{+subject} forfeiture of Y{+asset}

Their candidate supports the temporary forfeiture of voting rights of prisoners.
Their forfeiture of the game was the result of the star player being expelled during the second half.

WordNet 3.0 Sense Numbers: 3