Meaning of forfeitable in English:

forfeitable

Pronunciation /ˈfɔːfɪtəb(ə)l/

adjective

See forfeit

‘Seize his house on the theory that it's a forfeitable asset, since it was used to facilitate an illegal transaction.’
  • ‘The same result would arise if the stock were not expressly forfeitable, but Tom was subject to insider trading restrictions imposed by Sec. 16 of the 1934 Securities Exchange Act.’
  • ‘The stock (one-third of the bonus) is placed in a forfeitable account to assure long-term commitment; it vests 100 percent in five years.’
  • ‘It may be, instead, that criminals forfeit other rights (such as freedom to travel), yet the right to life is simply not forfeitable.’
  • ‘The forfeitable property has been transferred or conveyed to, sold to, or deposited with a third party.’