- forebear: a person from whom you are descended
- refrain from doing; "she forbore a snicker"
- refrain: resist doing something; "He refrained from hitting him back"; "she could not forbear weeping"
- (forbearance) patience: good-natured tolerance of delay or incompetence
- (forbearance) a delay in enforcing rights or claims or privileges; refraining from acting; "his forbearance to reply was alarming"
- (forbearing) showing patient and unruffled self-control and restraint under adversity; slow to retaliate or express resentment; "seemly and forbearing...yet strong enough to resist aggression"; "was longanimous in the face of suffering"
- (Forbearance) In the context of a mortgage process, forbearance is a special agreement between the lender and the borrower to delay a foreclosure. The literal meaning of forbearance is “holding back.”
- Alternative spelling of forebear; To keep away from; to avoid; to abstain from; to give up; To refrain from proceeding; to pause; to delay; To refuse; to decline; to give no heed; To control oneself when provoked
- (forbearance) Restraint under provocation; A refraining from the enforcement of something (as a debt, right, or obligation) that is due
- (forbearing) Characterized by patience and indulgence; long-suffering: as, a forbearing temper
- (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.
- (Forbearance) Lender voluntarily accepts lower payments than originally agreed to in loan documents for a specific time period to allow borrower to recover financially; borrower eventually must repay missing or reduced payments and all other remaining payments on loan.
- (Forbearance) Specified amount of time in which a loan does not need to be paid back; usually used by students who don’t qualify for deferment but are unable to make loan payments.
- (Forbearance) a course of action a lender may pursue to delay foreclosure or legal action against a delinquent borrower
- (Forbearance) The act by the lender of refraining from taking legal action on a mortgage loan that is delinquent.
- (Forbearance) The lender’s postponement of legal action when a borrower is delinquent. It is usually granted when a borrower makes satisfactory arrangements to bring the overdue mortgage payments up to date.
- (Forbearance) Permitting the temporary cessation of repayments of loans, allowing an extension of time for making loan payments, or accepting smaller loan payments than were previously scheduled.
- (Forbearance) Grace period given when a lender postpones foreclosure to give the borrower time to catch up on overdue payments.
- (Forbearance) The postponement for a limited time of a portion or all the payments on a loan when a borrower is delinquent.
- (Forbearance) Your lender may offer a temporary reduction or suspension of your mortgage payments while you get back on your feet. Forbearance is often combined with a reinstatement or a repayment plan to pay off the missed or reduced mortgage payments.
- (Forbearance) An agreement in which your lender revises your payment plan to help you get current and avoid foreclosure. This may involve lowering your monthly payments or suspending them for a given period. ...
- (Forbearance) A temporary agreement between the lender and student to reduce or postpone student loan payments for a specific period of time. Generally, a lender can grant forbearance for 12 months at a time, for a maximum of 3 years, based on supporting documentation.
- (Forbearance) The act by which a creditor extends time for payment of a debt or forgoes for a time the right to enforce legal action on the debt or the legal process used to force the payment of a debt secured by collateral whereby the property is sold to satisfy the debt.
- (forbearance) The act of refraining from doing (or promising not to do) something that a person has a legal right to do.
- (Forbearance) The waiving of a covenant in a mortgage document.