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What does forfeit cash mean?

Cash forfeiture is the term used to describe the loss of cash seized without compensation.

What does it mean when money is forfeited?

The term asset forfeiture means the government is taking someones property because they believe it was acquired through criminal conduct or it was used to commit a crime. Asset forfeiture laws in California are often used by law enforcement to seize all types of property and even money.

What does forfeit money mean?

Forfeiture, under the terms of a contract, refers to the requirement by the defaulting party to give up ownership of an asset, or cash flows from an asset, as compensation for the resulting losses to the other party.

What does it mean when a charge is forfeited?

Criminal forfeiture is an action brought as a part of the criminal prosecution of a defendant. It is an in personam (against the person) action and requires that the government indict (charge) the property used or derived from the crime along with the defendant.

What is the meaning of forfeited payment?

a payment required for not fulfilling a contract. the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.

forfeited payment in tagalog

Asset forfeiture Forfeiture meaning in law Civil forfeiture Forfeiture meaning in criminal Law Criminal forfeiture examples Forfeiture allegation meaning Forfeiture of property Administrative forfeiture

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What does forfeited amount mean?

The term forfeiture refers to the non-vested portion of a former employees account balance in the plan. For example, if a participant is 40% vested in their profit-sharing account source when he or she terminates, the remaining 60% of his or her profit-sharing account balance will become a forfeiture.

What does forfeit payment mean?

a payment required for not fulfilling a contract. the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc. synonyms: forfeit, sacrifice.

What is an example of a forfeiture?

When criminal forfeiture is used, it accompanies a criminal conviction. For example, if a high-profile drug trafficker is convicted of controlled substance law violations, the convicteds property that was connected with such activity may be forfeited.

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