forbearance

forbearance
for·bear·ance also fore·bear·ance /fȯr-'bar-əns/ n: a refraining from the enforcement of something (as a debt, right, or obligation) that is due

Merriam-Webster’s Dictionary of Law. . 1996.

forbearance
index abstention, benevolence (disposition to do good), clemency, composure, continence, grace, lenience, longanimity, moderation, remission, resignation (passive acceptance), restraint, sufferance, temperance

Burton's Legal Thesaurus. . 2006


forbearance
Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.
Category: Back Taxes & Tax Debt
Category: Bankruptcy, Foreclosure & Debt → Bankruptcy
Category: Bankruptcy, Foreclosure & Debt → Student Loan Debt
Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies
Category: Personal Finance & Retirement → Taxes

Nolo’s Plain-English Law Dictionary. . 2009.


forbearance
n. the act of delaying enforcement of a legal right, as with a creditor who grants the debtor extension of time to pay.

Webster's New World Law Dictionary. . 2000.


forbearance
Refraining from doing something that one has a legal right to do. Giving of further time for repayment of an obligation or agreement; not to enforce claim at its due date. A delay in enforcing a legal right. Act by which creditor waits for payment of debt due by a debtor after it becomes due.
Within usury law, the contractual obligation of a lender or creditor to refrain, during a given period of time, from requiring the borrower or debtor to repay the loan or debt then due and payable.

Dictionary from West's Encyclopedia of American Law. 2005.


forbearance
Refraining from doing something that one has a legal right to do. Giving of further time for repayment of an obligation or agreement; not to enforce claim at its due date. A delay in enforcing a legal right. Act by which creditor waits for payment of debt due by a debtor after it becomes due.
 
Within usury law, the contractual obligation of a lender or creditor to refrain, during a given period of time, from requiring the borrower or debtor to repay the loan or debt then due and payable.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

forbearance
n.
   an intentional delay in collecting a debt or demanding performance on a contract, usually for a specific period of time. Forbearance is often consideration for a promise by the debtor to pay an added amount.

Law dictionary. . 2013.

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Look at other dictionaries:

  • Forbearance — For*bear ance, n. The act of forbearing or waiting; the exercise of patience. [1913 Webster] He soon shall find Forbearance no acquittance ere day end. Milton. [1913 Webster] 2. The quality of being forbearing; indulgence toward offenders or… …   The Collaborative International Dictionary of English

  • forbearance — 1 long suffering, *patience, longanimity, resignation Analogous words: & Antonyms: see those at FORBEARANCE 2 2 tolerance, clemency, mercifulness, leniency, indulgence (see under FORBEARING) Analogous words: patience, long suffering, longanimity …   New Dictionary of Synonyms

  • forbearance — 1570s, originally legal, in reference to enforcement of debt obligations, from FORBEAR (Cf. forbear) (v.) + ANCE (Cf. ance). General sense of refraining from is from 1590s …   Etymology dictionary

  • forbearance — [n] resisting, avoidance abstinence, endurance, fortitude, going easy on*, living with*, longanimity, moderation, patience, patientness, refraining, resignation, restraint, self control, temperance, tolerance; concepts 410,633 Ant. continuation,… …   New thesaurus

  • forbearance — ► NOUN 1) patient self control and restraint. 2) tolerance …   English terms dictionary

  • forbearance — [fôr ber′əns] n. 1. the act of forbearing 2. the quality of being forbearing; self control; patient restraint 3. 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… …   English World dictionary

  • Forbearance — In the context of a mortgage process, forbearance is a special agreement between the lender and the borrower in order to delay a foreclosure. Loan borrowers sometimes have problems with their payments due to unexpected circumstances. This may… …   Wikipedia

  • Forbearance — A postponement of loan payments, granted by a lender or creditor, for a temporary period of time. This is done to give the borrower time to make up for overdue payments. Basically, forbearance allows the borrower to put a temporary hold on his or …   Investment dictionary

  • forbearance — [[t]fɔː(r)be͟ərəns[/t]] N UNCOUNT (approval) If you say that someone has shown forbearance, you admire them for behaving in a calm and sensible way about something that they have a right to be very upset or angry about. [FORMAL] She remembered… …   English dictionary

  • forbearance — noun (U) formal patience, self control, and willingness to forgive someone: Higgins accepted the decision with commendable forbearance …   Longman dictionary of contemporary English

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