forbearance

noun

  • General legal English
  • Business (Corporate) Law/Company Law
  • Banking and Finance

Definitions of forbearance

  • the act of not exercising a legal right; the act of not enforcing the payment of money owed to you

    The Company agrees that upon expiration of the term of the forbearance in accordance with this Paragraph 2(b), the Lenders may exercise any and all remedies available to them under the Reimbursement Agreement.

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Phrase Bank for forbearance

Additional Notes for forbearance

Common Mistakes for forbearance