payment forfeiture

USAGE SUMMARY

The phrase "payment forfeiture" is correct and usable in written English.
It can be used in contexts related to financial agreements, contracts, or legal situations where a payment is lost or surrendered due to specific conditions not being met. Example: "If the terms of the contract are violated, the company reserves the right to enforce payment forfeiture."

✓ Grammatically correct

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

But most bonds are not fully secured, and bondsmen have often neglected their forfeiture payments.

The New York Times

| Updated | The Justice Department has closed its criminal case against the Gibson Guitar Company after the company agreed to a series of steps, including payment of $300,000 and forfeiture of hardwood from India and Madagascar with an estimated value of $264,000.

The New York Times

Ayre also agreed not to make any claim against $66 million that had mostly belonged to U.S.-based gamblers and had been previously seized by federal prosecutors from payment processors in a forfeiture proceeding related to the case.

Forbes

Keep in mind that SIGIR has to date recovered $154m in fines, forfeitures, payments and other penalties.

Huffington Post

Google's $500 million payment was labeled as a forfeiture of the revenue that both the company and the Canadian pharmacies received, not a criminal fine or civil monetary penalty.

The New York Times

In the end, retired general municipal workers accepted 4.5percentt cuts to their monthly checks, an end to cost-of-living increases, higher health care costs and a mandatory forfeiture of previous payments that were deemed improper.

The New York Times

To reach this moment, retired general municipal workers had to agree to 4.5percentt cuts to their monthly pension checks, an end to cost-of-living increases, higher health care costs and a mandatory forfeiture of previous payments from the pension system that were deemed improper.

The New York Times

It was sheer thievery – the compulsory forfeiture of countless interest payments, a fair whack of principle, and her deposit to boot! Was it fair, for slackers to get housing from the state for free, when responsible taxpayers who fell on hard times were thrown on the street?

The Guardian - Books

"In the months since we made the difficult decision to defer equitable sharing payments because of the $1.2 billion rescinded from the Asset Forfeiture Fund, the financial solvency of the fund has improved to the point where it is no longer necessary to continue deferring equitable sharing payments," spokesman Peter J. Carr said in an email Monday.

The Washington Post

Foreign offending corporations shall forfeit their right to do business in the state, with forfeiture also of property, or, in lieu thereof, the payment of a fine.

Cornell University

Cashing in an EE bond before it's five years old comes with it forfeiture of the last three months of interest payments.

WikiHow

Expert writing Tips

Best practice

When discussing legal or contractual agreements, clearly define the conditions that would trigger a "payment forfeiture" to avoid ambiguity.

Common error

Avoid using "payment forfeiture" without clearly specifying what actions or inactions lead to the loss of the payment. Vague terms can lead to disputes.

Linguistic Context

The phrase "payment forfeiture" functions as a compound noun, indicating the act or instance of losing a payment. Given the lack of many real world examples, it's a niche term but Ludwig AI confirms it can be used in contexts related to financial agreements or legal situations.

Expression frequency: Missing

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Ludwig's WRAP-UP

In summary, "payment forfeiture" refers to the loss of a payment, typically due to specific contractual or legal conditions not being met. While grammatically correct, it's a relatively rare phrase and has no example within the provided sources. As Ludwig AI confirms, it's usable in English but requires clear context. When using this phrase, clearly define the triggering conditions to avoid ambiguity. Alternatives include "loss of payment" or "forfeiture of funds".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Loss of payment

Focuses on the outcome of losing a payment rather than the reason behind it.

Forfeiture of funds

Replaces "payment" with the more general term "funds", broadening the scope.

Payment default

Highlights the failure to make a payment as the cause of forfeiture.

Surrender of payment

Emphasizes the act of giving up a payment willingly or unwillingly.

Payment cancellation

Suggests the payment was stopped before it could be completed, leading to its loss.

Payment denial

Focuses on the rejection of a payment, leading to its forfeiture.

Confiscation of payment

Suggests the payment was taken away by an authority.

Seizure of payment

Similar to confiscation, but may imply a more legal or official process.

Payment reclamation

Highlights the act of claiming back the payment by other authority.

Lapse of payment

Implies the payment became invalid or expired.

FAQs

How to use "payment forfeiture" in a sentence?

You might say, "The contract stipulates that any violation of the terms will result in /s/payment+forfeiture." Alternatively, "The company reserves the right to enforce /s/payment+forfeiture if the service agreement is breached."

What's a situation where /s/payment+forfeiture might occur?

Common situations include breaches of contract, failure to meet agreed-upon milestones, or violation of specific clauses in a financial agreement. For example, a down payment on a house might be subject to /s/payment+forfeiture if the buyer backs out without a valid reason.

Which is more accurate, "loss of payment" or "payment forfeiture"?

"Payment forfeiture" implies a specific reason or condition that caused the payment to be lost, often stipulated in a contract or agreement. "Loss of payment", on the other hand, is a more general term and doesn't necessarily imply a specific cause or prior agreement.

What are some legal implications of a /s/payment+forfeiture clause?

A /s/payment+forfeiture clause must be clearly defined and reasonable to be legally enforceable. Courts may scrutinize clauses that appear punitive or disproportionate to the breach. Legal advice should be sought to ensure compliance with applicable laws.