7 results for: forbearance
Audio Help [fawr-bair-uh
ns] Pronunciation Key | 1. | the act of forbearing; a refraining from something. |
| 2. | forbearing conduct or quality; patient endurance; self-control. |
| 3. | an abstaining from the enforcement of a right. |
| 4. | a creditor's giving of indulgence after the day originally fixed for payment. |
| Dictionary.com Unabridged (v 1.1) Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006. |
forbearance
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| for·bear·ance
Audio Help (fôr-bâr'əns) Pronunciation Key
n.
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| The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2006 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
| forbearance | |
noun | |
| 1. | good-natured tolerance of delay or incompetence [syn: patience] [ant: impatience] |
| 2. | a delay in enforcing rights or claims or privileges; refraining from acting; "his forbearance to reply was alarming" |
| WordNet® 3.0, © 2006 by Princeton University. |
forˈbearance [fəˈbeərəns] noun
Example: She showed great forbearance.
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| Kernerman English Multilingual Dictionary (Beta Version), © 2000-2006 K Dictionaries Ltd. |
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.
Investopedia Commentary
Basically, forbearance allows the borrower to put a temporary hold on his or her monthly payments, usually for up to one year.
Forbearance is common for unemployed people with outstanding student loans.
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Main Entry: for·bear·ance
Variant: also fore·bear·ance /for-'bar-&ns/
Function: noun
: a refraining from the
enforcement of something (as a debt, right, or obligation) that is due
| Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc. |
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