Answer:
Definitions below. V
Explanation:
Foreiture is the loss or giving up of something as a penalty for wrongdoing, something similar to a Confiscation or Sequestration.
The types of Foreiture include but are not limited to:
Criminal forfeiture: An action brought as a part of the criminal prosecution of a defendant. It is an in personam (against the person) action and requires that the government indict the property used or derived from the crime along with the defendant. If the jury finds the property forfeit-able, the court issues an order of forfeiture.
Civil judicial forfeiture: An in rem (against the property) action brought in court against the property. The property is the defendant and no criminal charge against the owner is necessary.
Administrative forfeiture: An in rem action that permits the federal seizing agency to forfeit the property without judicial involvement. The authority for a seizing agency to start an administrative forfeiture action is found in the Tariff Act of 1930. Property that can be administratively forfeited is: merchandise the importation of which is prohibited, a conveyance used to import, transport, or store a controlled substance, a monetary instrument, or other property that does not exceed $500,000 in value.
