Crossword clues for forbearance
Longman Dictionary of Contemporary English
The Collaborative International Dictionary
Forbearance \For*bear"ance\, n. The act of forbearing or waiting; the exercise of patience.
He soon shall find
Forbearance no acquittance ere day end.
--Milton.
2. The quality of being forbearing; indulgence toward offenders or enemies; long-suffering.
Have a continent forbearance, till the speed of his
rage goes slower.
--Shak.
Syn: Abstinence; refraining; lenity; mildness.
Douglas Harper's Etymology Dictionary
1570s, originally legal, in reference to enforcement of debt obligations, from forbear (v.) + -ance. General sense of "a refraining from" is from 1590s.
Wiktionary
n. 1 Patient self-control; restraint and tolerance under provocation. 2 A refraining from the enforcement of something (as a debt, right, or obligation) that is due.
WordNet
n. good-natured tolerance of delay or incompetence [syn: patience, longanimity] [ant: impatience]
a delay in enforcing rights or claims or privileges; refraining from acting; "his forbearance to reply was alarming"
Wikipedia
In the context of a mortgage process, forbearance is a special agreement between the lender and the borrower to delay a foreclosure. The literal meaning of forbearance is “holding back.”
Loan borrowers sometimes have problems making payments. This may cause the lender to start the foreclosure process. To avoid foreclosure, the lender and the borrower can make an agreement called "forbearance". According to this agreement, the lender delays his right to exercise foreclosure if the borrower can catch up to his payment schedule in a certain time. This period and the payment plan depend on the details of the agreement that are accepted by both parties.
Historically, forbearance has been granted for customers in temporary or short-term financial difficulty. If the borrower has more serious problems, i.e. where the return to full mortgage payments in the long term does not appear sustainable, then forbearance is usually not a solution. It needs to be noted that each lender is likely to have their own suite of forbearance products.
Examples of the types of forbearance which lenders may potentially consider are:
- A full moratorium on payments
- A reduced repayment (above Interest Only - this is termed Positive-Amortising)
- A reduced repayment (below Interest Only - this is termed Negative-Amortising)
- Interest Only
- A reduced loan rate %
- Split Mortgage
It needs to be understood that the type of forbearance being granted is being provided based on the customer's individual circumstances. i.e. customers in short term financial difficulty would be more likely to be approved of either a (short term) full moratorium or negative-amortising deal compared to customers in long term financial difficulty where the lender would at all times seek to ensure that the capital balance continues to be reduced (via an amortising forbearance arrangement). Negative amortising forbearance arrangements are only suitable as short term deals because the loan balance will continue to increase as full interest is not being paid.
When a lender offers a forbearance, they are refraining from enforcing their right to realize on Securities under their agreement or contract with the Borrower. This is done in order to assist the Borrower in getting back to a performing financial position as well as maneuver the Lender's position to more easily realize on security should the Borrower's return to satisfactory financial performance fail to materialize. The borrower is still responsible for their debt obligations, though they will accept the agreed forbearance amount and/or terms. On expiry of the agreed forbearance period the loan account reverts to its original form. In many instances, on expiry of the forbearance period, the difference between the level of forbearance granted and the full repayment (which was missed) is recalculated over the remaining term and the customers new repayment is based on the current loan balance, rate and term.
Some exceptions to this is where a reduced rate was given (where the possible intention here to reduce the capital balance as quickly as possible, thereby reducing the loan to value) or where the type of forbearance is for the lifetime of the loan, i.e. a split loan where 1 part of the loan is parked until the expiry date, with the intention that at that time a suitable repayment vehicle (say, sale of asset) is in place for the repayment of the loan in full.
Usage examples of "forbearance".
And presently she received her reward for her forbearance, for Mevrouw van Duyl embarked on a monologue about her son.
In the years to come he did not ever see that his patience and forbearance in the matter of his flighty, labile wife were all the evidence of love he actually needed.
Was it strange that Herbert, who had so resented his treatment of Marah Rocke, should bear all his fury, injustice and abuse of himself and others with such compassionate forbearance?
The forbearance which Miramolin as well as his fellow religionists at first show gives an idea of the civilization and the good qualities of these infidels, all the higher that very different sentiments would be natural in the vanquished ones of the plains of Tolosa.
Indians -- the Santee and Sewee tribes, who were still in considerable numbers in their immediate neighborhood -- they won them to alliance by kindness and forbearance.
Donal and Dulchesse, and all the royal household, for Sief was well regarded at court, and all agreed that he had shown remarkable forbearance in waiting three years for his bride.
Talleyrand, lately an exile in America, but now Secretary of Foreign Affairs to the French Government, entered into intrigue with them, through several unaccredited and unofficial agents, of which the object was to induce them to promise a round bribe to the directors and a large sum of money to fill the exhausted French treasury, by way of purchasing forbearance.
Spoiled outrageously, Morgan, who had inherited the reckless Markland courage, all the arrogance and belligerence of the clan, had early demonstrated brash young scorn for many of the principles of honor, trustworthiness, generosity and forbearance that went with it.
On the fifth day, having reached the limits of forbearance, he had turned the herd and tried to break back through their line, and they had been there to head him off, the tiny upright sticklike figures, so deceptively frail and yet so deadly, springing up from the yeHow grass, barring his escape to the south, flapping blankets and beating on empty paraffin tins, until his courage failed and the old bull turned back, and led his herds once more down the rugged escarpment towards the great river.
He has shown on every occasion the utmost forbearance, from consideration to the helpless state of the infant Maharaja Dhuleep Singh, whom the British government had recognised as the successor to the late Maharaja Shere Singh.
I could not bear the touch of her hands or the look in her eyes for many months, but through her, Tregar, at last I learned peace and forgiveness and forbearance, as men should.
To this attitude of good-will, of forbearance and genuine kindness to all, must be added, however, constant but unprovocative vigilance, lest unrestricted association with the peoples of the world should enable the very few who have been definitely pronounced by the Master as injurious to the body of the Cause, to make a breach in the Movement.
For who, except those who were acquainted with him, can imagine his unwearied benevolence, his generosity, his systematic forbearance?
Tyrold entreated him to be concise, and insisted upon the extremest forbearance and fortitude in his little audience.
Yet this was veiled even to his own mind, by a habit of gentleness and forbearance, which even in this age of the world, often fills the place, and assumes the form of virtue.