noun (n)

• something that is lost or surrendered as a penalty(noun.possession)

  Synonym:
  forfeit
  

  source: wordnet30
• a penalty for a fault or mistake that involves losing or giving up something(noun.possession)

  source: wordnet30
• the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.(noun.act)

  Synonym:
  forfeit, sacrifice
  

  source: wordnet30
• The act of forfeiting; the loss of some right, privilege, estate, honor, office, or effects, by an offense, crime, breach of condition, or other act.(noun)

  source: webster1913