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In a civil case: Forfeiture occurs when a person gives up money, property, or privileges to compensate for losses resulting from a breach of a legal obligation.
In a criminal case: it may refer to the government seizure of property connected to illegal activity. This has been a major weapon in the Federal government's "war on drugs" since the mid-eighties. (example: Vehicles, personal property, real estate used in the manufacture and transportation of illegal narcotics can be seized by the government, converted to government ownership and use, without compensation to the person from whom they were seized.)
Wiki User
∙ 12y ago
Wiki User
∙ 6y agoThe property or money was given as the penalty for earning them in an illegal way. To solve this problem you can hire a private attorney like Ohanian Lega'sl quality & assure service.
Wiki User
∙ 14y agoFailure of call money for share holder its calld
"forfeiture of shares"
MacDaddy
the loss of legal rights to real property
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What is forfeiture share?
Failure of call money for share holder its calld"forfeiture of shares"
How do you put the word 'forfeiture' in a sentence?
His poor management of the business caused the forfeiture of the building and all the merchandise to his creations.
What is the entry for forfeiture of shares?
Forefiture of shares issued at par:-Share capital A/c Dr.To share allotment A/cTo Share Call A/cTo share forfeiture A/c(Forfeiture of shares issued at par)
Are there forfeiture laws in Canada?
yes there are.
What has the author Gene L Dodaro written?
Gene L Dodaro has written: 'Asset forfeiture programs' -- subject(s): Forfeiture
What was forfeiture of land of outlaws called?
Attainder
What has the author H A Arnn written?
H. A. Arnn has written: 'Possibilities of reverter and forfeiture' -- subject(s): Cases, Forfeiture, Future interests, Reversion
What was a forfeiture during the middle ages?
When a lord opposed the king, the punishment was very often forfeiture, which meant that the lord's lands and titles were taken away from him.
What is code 18 USC 924d?
criminal forfeiture
What is forfeiture?
the loss of legal rights to real property
If forfeiture share is reissued at premium then why security premium is credited?
in case the shares have been issued at a premium and the amount of premium has been received then at the time of forfeiture of such share
What has the author Janet E Ferris written?
Janet E Ferris has written: 'Starting forfeiture programs' -- subject(s): Handbooks, manuals, Forfeiture, Public prosecutors
