Forbearance
/fərˈbɛərəns/
Definitions
- (n.) The act of refraining from enforcing a legal right, especially the right to collect a debt or exercise a remedy.
The lender granted forbearance to the borrower, delaying the loan payments for six months.
- (n.) Patient self-control or tolerance shown in the face of provocation or delay.
The tenant exhibited forbearance despite repeated delays in repair work.
Related terms
See also
Commentary
Forbearance clauses should clearly specify the duration and conditions under which enforcement is delayed to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.