Can anyone say what is the difference between forfeiting and factoring in simple language?

Can anyone say what is the difference between forfeiting and factoring in simple language?

 

The loss of a right or property. Forfeiture usually occurs when one has neglected to fulfill one's obligations necessary to keep the right or property. For example, one may forfeit one's house if the mortgage defaults. And on the other hand, factoring is a transaction of ownership(of accounts receivable) where business sells its accounts receivable(invoices) to a third party.