Forfeit Clause

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Definition: Forfeit Clause

Forfeit Clause
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Full Definition of Forfeit Clause

noun a clause in a contract which says that goods or a deposit will be taken away if the contract is not obeyed a clause in a contract which says that goods or a deposit will be taken away if the contract is not obeyed

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/forfeit-clause/
Modern Language Association (MLA):
Forfeit Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/forfeit-clause/.
Chicago Manual of Style (CMS):
Forfeit Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/forfeit-clause/ (accessed: April 20, 2024).
American Psychological Association (APA):
Forfeit Clause. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/forfeit-clause/

Definition Sources

Definitions for Forfeit Clause are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.