Deposit Forfeiture
nounde·pos·it for·fei·turepronounced deh-POZ-it FOR-fih-chər
Last reviewed 16 April 2026
What does the noun Deposit Forfeiture mean?
The loss of your deposit (typically 10% of the purchase price) to the seller if you fail to complete the purchase after signing an unconditional contract.
How the noun Deposit Forfeiture is used
If you sign an unconditional contract and then cannot settle, you risk deposit forfeiture, which could mean losing tens of thousands of dollars to the seller.
Synonyms
deposit loss
Related words
Cite this entry
MLA citation: "Deposit Forfeiture." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/deposit-forfeiture. Accessed 29 May 2026.
Chicago citation: How to Property. "Deposit Forfeiture." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/deposit-forfeiture.
APA citation: How to Property. (2026, April 16). Deposit Forfeiture. https://howtoproperty.com.au/definitions/deposit-forfeiture