nonforfeiture

noun

non·​for·​fei·​ture ˌnän-ˈfȯr-fə-ˌchu̇r 

-chər,

-ˌt(y)u̇r

1

: failure or refusal to forfeit something

investigated the nonforfeiture of the shipment

—often used before another noun

nonforfeiture offenses

2

: the state or condition of not being subject to forfeiture

—usually used before another noun

A policy expires when it has run past its grace period with premiums unpaid and has exhausted any benefits available under the nonforfeiture option …

—Stephan R. Leimberg et al.

Examples of nonforfeiture in a Sentence

Recent Examples on the Web

This relatively unknown nonforfeiture option is called a life settlement. —Brandon Marz, Forbes, 21 May 2021

Permanent life insurance policies, such as whole-life and universal-life policies, offer policy owners nonforfeiture options. —Brandon Marz, Forbes, 21 May 2021

Word History

First Known Use

1829, in the meaning defined at sense 1