forbearance

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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.

forbearance

abstention from or postponement of the enforcement of a legal right.

Collins Dictionary of Law © W.J. Stewart, 2006

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References in periodicals archive ?

The thousands of staff, like my mum, who dedicate their lives to showing compassion, forebearance, tolerance and charity.

One NHS family

LAHORE -- Pakistan Ulema Council (PUC) has decided to celebrate 2015 as a year of peace, love, forebearance, dialogue and end to terrorism, extremism and sectarianism.

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He credits this extraordinary forebearance with initiating a virtuous circle that has persisted to the present, drawing in a progressively better class of investors.

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Oates presupposes that the federal government is always a significant player (whether through action or forebearance) in the regulation of matters affecting sub-federal actors.

The disaggregated state in transnational environmental regulation

40, at 290 (James Madison) (Benjamin Fletcher Wright ed., 1961) ("The forebearance can only have proceeded from an irresistible conviction of the absurdity of subjecting the fate of twelve States to the perverseness or corruption of a thirteenth....").

The constitutionality of a limited convention: an originalist analysis

(225) Of particular note, in 2010, New York revoked its "forebearance policy," amended the Tax Law, and adopted regulations to implement the tax on reservation sales.

Indian tribal sovereignty - current issues

For the domain of unmanaged services, regulatory 'forebearance' (that is, do not hasten to regulate) sits uncomfortably with the perceived need for active regulation (filtering, classification).

Broadband, the NBN and screen futures

is an extremely valuable sort of government forebearance to most

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14,853, 14,877-78 (2005) (report and order and notice of proposed rulemaking); Petition for Forebearance of the Verizon Telephone Companies Pursuant to 47 U.S.C.

Virtual takings: the coming Fifth Amendment challenge to net neutrality regulation

Paul Mancuso, vice president of Trepp, said that the Time Hotel's current loan modification "is why [it] yo-yos back and forth." Notes from the loan's special servicer indicate that the modification includes a two-year forebearance "to reduce the interest rate by 50 percent during the same timeframe." A spokesperson for parent company Hampshire Hotels & Resorts, which also owns the Dream Hotel in Midtown, which had previously been on the Trepp list, did not immediately respond to a request for comment.

U.S. CMBS loan delinquency rate reaches record high

Repayment plans and forebearance arrangements also were down substantially in the third quarter.

Fannie Mae reports net loss of $1.3 billion in 3Q 2010

Even more remarkable than his forebearance with Willie is Sam's decision not to respond with violence against Hally after he spits in Sam's face.

Tolstoy's presence in Fugard's "Master Harold" ... and the boys: Sam's pacifist Christian perseverance and "a case of illness

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