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forbearance
[ fawr-bair-uhns ]
noun
- the act of forbearing; a refraining from something.
Synonyms: abstinence
- forbearing conduct or quality; patient endurance; self-control:
Their teacher exhibited great forbearance when the children started acting up in class.
Synonyms: indulgence, sufferance, toleration, tolerance
- an abstaining from the enforcement of a right.
- Finance. 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.
forbearance
/ fɔːˈbɛərəns /
noun
- the act of forbearing
- self-control; patience
- law abstention from or postponement of the enforcement of a legal right, esp by a creditor allowing his debtor time to pay
Other Words From
- non·for·bear·ance noun
Word History and Origins
Origin of forbearance1
Example Sentences
It reminds us that everybody is aching in some way and therefore deserving of forbearance.
Homeowners may also qualify for a mortgage forbearance for 12 months after natural disasters and are advised to connect with their lender to notify them of the status of their home and ability to pay.
“You can also submit it online through their portal. The second I submit that application, I would put my loans in processing forbearance.”
However, processing forbearance doesn’t last as long as normal forbearance.
“The processing forbearance is for just 60 days,” said Mark Kantrowitz, author of “How to Appeal for More College Financial Aid.”
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