FORFEITURE Definition Meaning - Merriam-Webster The meaning of FORFEITURE is the act of forfeiting : the loss of property or money because of a breach of a legal obligation How to use forfeiture in a sentence
Asset Forfeiture Program | Types of Federal Forfeiture Asset forfeiture is designed to deprive criminals of the proceeds of their crimes, to break the financial backbone of organized criminal syndicates and drug cartels, and to recover property that may be used to compensate victims and deter crime
Home | Forfeiture. gov For information on the sale of the forfeited assets, please go to www usmarshals gov what-we-do asset-forfeiture Notices of administrative, civil and criminal forfeiture actions have traditionally been published in newspapers
The Easy Guide To Forfeiture - The Law to Know Forfeiture is a legal mechanism designed to address situations where individuals or entities fail to uphold their obligations or engage in wrongful conduct Here’s a closer look at what forfeiture entails: Forfeiture involves the loss or surrender of something of value
Forfeiture Overview | U. S. Department of the Treasury Civil judicial forfeiture is an in rem (against the property) action brought in court against the property The property is the defendant and no criminal charge against the owner is necessary Administrative forfeiture is an in rem action that permits the federal seizing agency to forfeit the property without judicial involvement
Forfeiture - The Law Dictionary Find the legal definition of FORFEITURE from Black's Law Dictionary, 2nd Edition 1 A punishment annexed by law to some illegal act or negligence in the owner of lands, tenements, or hereditaments, whereby he loses all his interest