How to Say "forfeit" in Spanish
The most common Spanish word for “forfeit” is “pérdida” — use 'pérdida' when referring to the general act or consequence of losing something, such as giving up a right, an opportunity, or a physical possession..
Examples
La pérdida de la partida fue mi culpa.
Losing the game was my fault.
prenda
/PREN-dah//ˈpɾenda/

Examples
Dejó su reloj en prenda para asegurar el pago.
He left his watch as a pledge to secure the payment.
Dejó su reloj en prenda para pagar la deuda.
He left his watch as a pledge to pay the debt.
Te doy este anillo en prenda de mi amor.
I give you this ring as a token of my love.
En el juego, los que pierden tienen que entregar una prenda.
In the game, those who lose have to hand over a forfeit (an object).
Using 'en prenda'
Use the phrase 'en prenda' when you want to say something is being used as collateral or a guarantee.
Pérdida vs. Prenda
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