Outrageously Funny Word Dictionary :: Reforfeit

👉 Reforfeiture in the context of finance refers to the act of returning a previously obtained asset or debt to its former owner. This can be done by either selling it, transferring it to another party, or simply keeping it for future use. For example, if a person borrows money from another and wants to return the loan at a later date, they might reforfeiture it by paying back the original amount (the principal) with interest. Alternatively, if they have already paid off

reforfeiture

👉 In sports, a reforfeit is an occurrence in which a player or team has intentionally missed a ball during play. This can happen when they have been caught by the opposing team's goalkeeper, causing them to miss their shot. Reforfts are typically used as a penalty for offside or foul play and are often used in soccer, American football, and other sports with a high number of goals scored. Reforfts can occur during any type of game, from regular matches to international competitions

reforfeit