Loses a game (8)

I believe the answer is:

forfeits

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'loses' is the definition.
The definition and answer can be both to do with ownership as well as being verbs in their -s form.
Maybe they are linked in a way I don't understand?

I don't understand the rest of the clue.

Can you help me to learn more?

(Other definitions for forfeits that I've seen before include "Gives up, sacrifices" , "Things paid or given as penalties" .)

I've seen this clue in The Globe and Mail and The Guardian.

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