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forbearance

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Forbearance is defined as patience or is a legal agreement to stop payments on a debt for a period of time.

(noun)

An example of forbearance is keeping quiet when an elderly person refuses to participate in an activity.
An example of forbearance is when you do not have to pay your student loans until you graduate.

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See forbearance in Webster's New World College Dictionary

noun

the act of forbearing
the quality of being forbearing; self-control; patient restraint
Law the act by which a creditor extends time for payment of a debt or forgoes for a time the right to enforce legal action on the debt

See forbearance in American Heritage Dictionary 4

noun

The act of forbearing.
Tolerance and restraint in the face of provocation; patience. See Synonyms at patience.
The quality of being forbearing.
Law The act of a creditor who refrains from enforcing a debt when it falls due.

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