nonforfeiture
/nɑnˈfɔrfɪtʃər/
noun
- The condition or legal right of not losing a benefit or asset, even if certain conditions are not met.
- The lawyer explained the nonforfeiture provisions in the contract.
- The insurance policy includes a nonforfeiture clause that protects the cash value.
- Many retirement plans offer nonforfeiture options after a vesting period.
Antonyms