forfeit

nouns

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.

verbs

lose (s.th.) or lose the right to (s.th.) by some error, offense, or crime
"you've forfeited your right to name your successor"; "forfeited property"
is derived from
is derived from
is derived from
antonym

adjectives

surrendered as a penalty