Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
civil forfeiture
See FORFEITURE,
criminal forfeiture
See forfeiture.
criminal forfeiture.
A governmental proceeding brought against a person as punishment for the person's criminal behavior.
forfeiture
n. 1. The divestiture of property without compensation. 2. The loss of a right, privilege, or property because of a crime, breach of obligation, or neglect of duty. ( Title is simultaneously transferred to another, such as the government, a corporation, or a private person. 3. Something (esp. money or property) lost or confiscated by this process; a penalty. -forfeit, vb. - forfeitable, adj.
forfeiture clause.
A contractual provision stating that, under certain circumstances, one party must forfeit something to the other. ( Forfeiture clauses are often held to be void, although they are similar to conditions and other qualifications of estates in land.
forfeiture of marriage
Hist. A penalty exacted by a lord from a ward who married without the lord's consent. ( The penalty was a money payment double the value that the marriage would otherwise have been worth to the lord.
forfeiture of pay
Military law. A punishment depriving the guilty party of all or part of his or her military pay. 4. A destruction or deprivation of some estate or right because of the failure to perform some obligation or condition contained in a contract.
nonforfeiture option
See OPTION.
nonforfeiture option.
A policyholder's option, upon the lapse of premium payments, to continue an insurance policy for a shorter period than the original term, to surrender the policy for its cash value, to continue the policy for a reduced amount, or to take some other action rather than forfeit the policy.