nonforfeiture

noun

non·for·fei·ture ˌnän-ˈfȯr-fə-ˌchu̇r

-chər,

-ˌt(y)u̇r

: failure or refusal to forfeit something

investigated the nonforfeiture of the shipment

—often used before another noun

nonforfeiture offenses

: 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

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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