Forbearances

/fɔrˈbɛrənsɪz/ noun

Definition

Plural of forbearance: instances of restraint, patience, or abstaining from enforcing a right.

Etymology

From Old French 'forbearance,' derived from 'forbear' + '-ance' (a state or condition). Used extensively in legal and financial contexts.

Kelly Says

In banking and law, forbearance is a technical term meaning a lender agrees not to collect a debt immediately—so a 'forbearance agreement' is actually a kindness with legal teeth.

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