Forfeiture vs Cancellation - What's the difference?
forfeiture | cancellation |
(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.
The act, process, or result of cancelling; as, the cancellation of certain words in a contract, or of the contract itself.
(mathematics) The operation of striking out common factors, in both the dividend and divisor.
(philately) A postmark that marks a postage stamp so as to prevent its reuse.
(legal) In United States intellectual property law, a proceeding in which an interested party seeks to cancel the registration of a trademark or patent.