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Word of the Day: Forfeit

Step up your vocabulary game with today's word of the day. Empower your communication and add some flair to your words!
The word for the day is "forfeit".
The word "forfeit" is

 used as a verb, noun, or

It is pronounced as

'for-feit' (\ ˈfȯr-fət \).
It means as a:

 verb: lose something due to error, offence, or crime

 noun: something that is lost because of wrong-doing

 adjective: surrendered as a penalty
Its other interpretation as a noun is:

 Penalty for a fault that results in loss or surrender

 Surrendering something as a penalty for a mistake or failure
Some synonyms of the word are:

 'surrender',  'relinquish', 'penalty', 'fine', 'fee', 'charge', 'sanction', and 'loss'.
The antonyms are

 'retain', and 'reward'.
Usage in Sentence
1. The team had to forfeit the game due to a lack of players.

2. The company will forfeit their deposit if they cancel the contract.
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