forbearance


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Related to forbearance: Forbearance Agreement

Forbearance

Refraining from doing something that one has a legal right to do. Giving of further time for repayment of an obligation or agreement; not to enforce claim at its due date. A delay in enforcing a legal right. Act by which creditor waits for payment of debt due by a debtor after it becomes due.

Within Usury law, the contractual obligation of a lender or creditor to refrain, during a given period of time, from requiring the borrower or debtor to repay the loan or debt then due and payable.

forbearance

n. an intentional delay in collecting a debt or demanding performance on a contract, usually for a specific period of time. Forbearance is often consideration for a promise by the debtor to pay an added amount.

See: abstention, benevolence, clemency, composure, continence, grace, lenience, longanimity, moderation, remission, resignation, restraint, sufferance, temperance

forbearance

abstention from or postponement of the enforcement of a legal right.
References in periodicals archive ?
75% senior notes due 2019 (the "2019 Notes") to extend the previously announced forbearance agreement.
administrative forbearance authority" (4)--raise a set of
LDK Solar Co Ltd (NYSE: LDK), a manufacturer of photovoltaic (PV) products based in China, announced on Thursday it is entering into a new 14-day forbearance arrangement with holders of a majority in aggregate principal amount of its USD-settled 10% senior notes due 2014.
This study attempts to examine the effect of forbearance on depositors' market discipline.
OTC: GSAT) reported the forbearance agreement with respect to the company's 5.
TELECOMWORLDWIRE-May 14, 2013-Globalstar extends forbearance agreement regarding 5.
In these times of unprecedented pressure on lenders and servicers to settle foreclosure cases, the forbearance agreement--always a common approach in any event--becomes all the more meaningful and relevant.
After more than 75,000 people asked Sallie Mae to stop charging forbearance fees to unemployed college students via an online petition, the education-focused financial services company made a compromise.
However, the court further held that a company would be required to capitalize forbearance agreement payments under the 12-month rule in Regs.
To address this problem, lenders are increasingly turning to forbearance agreements instead of foreclosing on properties to protect their interests in such properties.
Global Banking News-28 October 2009-Midwest Bank enters forbearance pact(C)2009 ENPublishing - http://www.
Still, the 1996 Telecommunications Act makes it effectively illegal to enforce "bad" regulations by giving the FCC a unique and powerful deregulatory tool: forbearance.