Outrageously Funny Word Dictionary :: Nonforfeiting

👉 Non-forfeiting is a legal concept in the United States that refers to an individual or entity that does not attempt to reclaim property, including money or assets. The term was first used by John D. Rockefeller Jr. and his company Standard Oil in the 1920s as it pertained to the practice of non-payment of debts owed to them. This concept is now widely recognized and understood within the legal system in the United States, where it refers to a situation in which an

nonforfeiting