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forbearance

noun

for·​bear·​ance fȯr-ˈber-ən(t)s How to pronounce forbearance (audio)
fər-
plural forbearances
1
: a refraining from the enforcement of something (such as a debt, right, or obligation) that is due
The policy provides a means of forbearance for borrowers meeting certain criteria.
2
: the act of forbearing : patience
Mrs Varden entreated her to remember that … marriage … was a state requiring great fortitude and forbearance. Charles Dickens
3
: the quality of being forbearing : leniency
known … for her forbearance with her incorrigible husband Willa Cather

Example Sentences

He showed great forbearance in his dealings with them. we thank you for your forbearance while we attend to the technical difficulties interrupting the TV program
Recent Examples on the Web The rest consists of federal loans, which currently are in forbearance because of the pandemic. Lisa Ward, WSJ, 11 Sep. 2022 These companies also process requests for deferment or forbearance. Megan Leonhardt, Fortune, 29 Aug. 2022 Like other forgiveness measures, including regular deferment and forbearance options offered by the government, this temporary student loan payment holiday only applies to federal loans — not private. Robert Farrington, Forbes, 8 June 2022 Approximately $1 trillion in Direct Loans across 24.8 million student loan borrowers are in student loan forbearance as as result of the Covid-19 pandemic. Zack Friedman, Forbes, 16 May 2022 There is also an indication, according to Fed researchers, that although loan payments were in forbearance during the pandemic, many people paid them down anyway. Anna Bahney, CNN, 8 Feb. 2022 Interestingly, many of the signatories such as Senators Elizabeth Warren, Bernie Sanders and Mr. Schumer have complained that the forbearance extensions are insufficient and demanded debt cancellation. The Editorial Board, WSJ, 3 Aug. 2022 The Department would also be able to count certain deferment and forbearance periods towards PSLF including economic hardship deferments, deferments for military service, and involuntary administrative forbearances initiated by loan servicers. Adam S. Minsky, Forbes, 6 July 2022 Borrowers with loans insured by government agencies such as the Federal Housing Administration and the Department of Veterans Affairs would be eligible for forbearance. Fortune, 26 Mar. 2020 See More

Word History

Etymology

see forbear entry 1

First Known Use

1570, in the meaning defined at sense 1

Time Traveler
The first known use of forbearance was in 1570

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