What is the meaning forbearance?
1 : a refraining from the enforcement of something (such as a debt, right, or obligation) that is due The policy provides a means of forbearance for borrowers meeting certain criteria. 2 : the act of forbearing : patience He appreciated his wife’s forbearances.
What does forbearance mean Oxford dictionary?
/fɔːˈbeərəns/ /fɔːrˈberəns/ [uncountable] (formal) the quality of being patient and kind towards other people, especially when they have done something wrong.
How do you pronounce forbears?
verb (used with object), for·bore [fawr-bawr], for·borne [fawr-bawrn], for·bear·ing.
What is legal 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.