Is "forfeiture" wrongly used in the following?

2016-05-18 4:51 am
By the term of that agreement, the purchaser is obliged to pay $5000 earnest money within 60 days, and the vendors are entitled to forfeiture in the event of default by the purchaser.

回答 (2)

2016-05-18 4:53 am
No, it's used correctly. Forfeiture is a noun, the act of forfeitting. The buyer puts down $5000 and forfeits it if he defaults.
2016-05-18 5:00 am
No.

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