What does forbearance mean ?

Meaning & Definition Of Forbearance

Forbearance is a legal term that means the person who is being given credit for a debt does not have to pay it back at once. It can be used when the person receiving credit needs more time to repay the loan or they are unable to repay the loan in full.

For example, forbearance may occur when someone who owes money files for bankruptcy and the creditor agrees not to take legal action against them in order to give them time to repay their debt.

Forbearance – Frequently Asked Questions

– What does Forbearance stand for?
– What does Forbearance mean?
– What is Forbearance?
– Forbearance Definition / Forbearance Meaning

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