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Assessment vs Forfeiture - What's the difference?

assessment | forfeiture | Related terms |

Assessment is a related term of forfeiture.


As nouns the difference between assessment and forfeiture

is that assessment is the act of assessing or an amount (of tax, levy or duty etc) assessed while forfeiture is (legal) a legal action whereby a person loses all interest in the forfeit property.

assessment

English

Noun

(wikipedia assessment) (en noun)
  • The act of assessing or an amount (of tax, levy or duty etc) assessed.
  • An appraisal or evaluation.

    • forfeiture

    English

    Noun

    (en noun)
  • (legal) A legal action whereby a person loses all interest in the forfeit property.
  • (legal) The loss of forfeit property.
  • (legal) The property lost as a forfeit.
  • Any loss occasioned by one's own actions.