To have property or a right taken away, usually as a result of a breach of contract or violation of law. For example, driving while intoxicated may result in the driver being required to forfeit his license for six months. To lose an estate, a franchise, or other property belonging to one, by the act of the law, and as a consequence of some misfeasance, negligence, or omission. … [Read more...] about FORFEIT
F
FORECLOSE
To shut out; to bar. Used of the process of destroying an equity of redemption existing in a mortgagor. … [Read more...] about FORECLOSE
FOREIGN JURISDICTION
A jurisdiction beyong the borders of the current place, e.g. another county, another state or another country. … [Read more...] about FOREIGN JURISDICTION
FORECLOSURE
A process in chancery by which all further right existing in a mortgagor to redeem the estate is defeated and lost to him, and the estate becomes the absolute property of the mortgagee; being applicable when the mortgagor has forfeited his estate by non-payment of the money due on the mortgage at the time appointed, but still retains the equity of redemption. 2 Washb. Real … [Read more...] about FORECLOSURE
FOREIGN LAW
By foreign laws are understood the laws of a foreign country. The states of the American Union are for some purposes foreign to each other, and the laws of each are foreign in the others. See Foreign laws. … [Read more...] about FOREIGN LAW
