FORBEARANCE
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.”The above text is a snippet from Wikipedia: Forbearance
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forbearance
Noun
- Restraint under provocation.
- A refraining from the enforcement of something (as a debt, right, or obligation) that is due.
The above text is a snippet from Wiktionary: forbearance
and as such is available under the Creative Commons Attribution/Share-Alike License.