Forfeiture (noun)

1. The act of losing or surrendering something as a penalty for breaking a law or rule.
2. The loss or surrender of property or rights as a penalty for breaking a law or rule.
3. The surrender of a right or property because of a violation of a law or agreement.

Origin:

Middle english (in the sense 'renunciation, abandonment'): from old french forfaiture, from forfaire 'to do wrong, forfeit', based on latin foris 'outside'.

Examples:

1. The forfeiture of the stolen property was ordered by the judge.
2. The forfeiture of the money was the result of illegal activity.
3. The forfeiture of the license was due to repeated traffic violations.
4. The forfeiture of the land was a consequence of not paying taxes.
5. The forfeiture of the house was the result of mortgage fraud.