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forfeiture (n.)

mid-14c., "loss of property as punishment for a crime, debt, etc.," from Old French forfaiture "crime, transgression; penalty for committing a crime" (12c.), from forfait (see forfeit (n.)).

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Definitions of forfeiture from WordNet

forfeiture (n.)
something that is lost or surrendered as a penalty;
Synonyms: forfeit
forfeiture (n.)
a penalty for a fault or mistake that involves losing or giving up something;
Synonyms: forfeit
forfeiture (n.)
the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.;
Synonyms: forfeit / sacrifice
From wordnet.princeton.edu