forfeit
for-feit
noun
A penalty involving the loss or surrender of something due to an offence.
"Paying a forfeit was the only option."
verb
To lose or be deprived of something as a penalty for wrongdoing.
"They had to forfeit the match."
Thesaurus
Synonyms: forfeiture, forfeited, confiscate, lost, forgo, give up, waive, throw overboard, forego, sacrifice