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Glossary > F > "Forbearance" Definition

Forbearance

A postponement of loan payments, granted by a lender or creditor, for a temporary period of time. This is done in order to give the borrower time to make up for overdue payments.

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Forbearance - A postponement of loan payments, granted by a lender or creditor, for a temporary period of time. This is done in order to give the borrower time to make up for overdue payments.

Forbearance : a postponement of loan payments, granted by a lender or creditor, for a temporary period of time. this is done in order to give the borrower time to make up for overdue payments.