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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
Eviction moratoriums and forbearance on mortgages and student loan payments are also factored in.
“There’s a benefit to everyone taking a deep breath and stepping back and giving the parties a chance to get things back on track,” Devlin said of forbearance agreements.
The mortgages, car loans, and the like no longer covered by forbearance are showing few defaults.
On the conference call, Dimon and Piepszak cited that although forbearance has ended for auto and card loans, it’s still allowing customers with $28 billion in mortgages to defer payments.
He says that’s mostly because the government’s unprecedented aid to families and businesses, and the banks’ forbearance programs, have delayed defaults for months that would have come far earlier.
Parenting a preschooler is hard (believe me, I know), and it takes a lot of time, energy, and forbearance to do it right.
Paul is right that we must deal with the Bundy crisis in the spirit of neighborly forbearance.
But selfies, like people, deserve our forgiveness, our forbearance, and our support.
My daughters treated their grandmother with infinite forbearance and affection.
But in the here and now of it, I ask for your patience, and forbearance, while I give it a shot.
And when wine had unselfed my noble father, you received his passionate insults with forbearance and forgiveness!
I endured his insults until the time came when further forbearance would have been a disgrace, and then I closed with him.
She did not expect much forbearance, but it never occurred to her that things could come to such a terrible pass.
I feel that I can, with confidence, rely upon the magnanimity and forbearance of my patrons, under this state of things.
Surely a spoiled old man-child like the crouching figure yonder would exhaust the forbearance of Jizo Sama himself!
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Related Words
More About Forbearance
What does forbearance mean in mortgages?
Forbearance is 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. The terms of forbearance are negotiated between the borrower and the lender.
For example, if an individual has difficulty making monthly mortgage payments, a forbearance agreement from the bank can avoid foreclosure on the person’s home.
Examples of forbearance in a sentence
“Forbearance doesn’t mean your payments are forgiven or erased. You are still required to repay any missed or reduced payments in the future, which in most cases may be repaid over time.”
—“Learn about mortgage relief options and protections” Consumer Financial Protection Bureau. Retrieved August 19, 2020.
“In most cases the length of the [forbearance] plan will not exceed 18 months from the first reduced or suspended payment, and will stipulate commencement of foreclosure action if you default on the agreement.”
—LaTonya S. Johnson, The Game of Foreclosure and How to Play It, second edition (1995), page 22. Retrieved August 19, 2020 from Google Books.
Other terms connected with the topic of forbearance
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