FORFEIT

Something that is lost or surrendered as a penalty

• Give up

• Lose a right

• Lose by not showing up

• Lose via no-show rules

• Surrender

• Surrender a chance to win

• Throw in the towel

• The act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.

• A penalty for a fault or mistake that involves losing or giving up something