forbearance

forbearance definition - business

forbearance

Delay in seeking a remedy to a claim. For example, a borrower may ask a creditor for forbearance with regard to payments on a loan.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.