Forbearance (noun) Definition, Meaning & Examples

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noun
  1. the act of forbearing; a refraining from something.
  2. forbearing conduct or quality; patient endurance; self-control: Their teacher exhibited great forbearance when the children started acting up in class.
  3. an abstaining from the enforcement of a right.
  4. a form of repayment relief granted by a lender that temporarily postpones payments due from a borrower, while interest on the loan typically continues to accrue: When he had difficulty making his monthly mortgage payments, the bank granted a forbearance, so he avoided foreclosure on his home.
noun
  1. the act of forbearing
  2. self-control; patience
  3. abstention from or postponement of the enforcement of a legal right, esp by a creditor allowing his debtor time to pay
Forbearance (noun) Definition, Meaning & Examples

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