- Forbearance is defined as patience or is a legal agreement to stop payments on a debt for a period of time.
- 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.
forbearance definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
- 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
forbearance definition by American Heritage Dictionary
The American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
- 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.
forbearance - Business Definition
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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.
forbearance - Legal Definition
n. the act of delaying enforcement of a legal right, as with a creditor who grants the debtor extension of time to pay.