forbearance

noun
for·​bear·​ance | \ fȯr-ˈber-ən(t)s How to pronounce forbearance (audio) , fər- \

Definition of forbearance

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 He appreciated his wife's forbearances.
3 : the quality of being forbearing : leniency known … for her forbearance with her incorrigible husband— Willa Cather

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Synonyms & Antonyms for forbearance

Synonyms

Antonyms

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Examples of forbearance in a Sentence

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 Almost one in 10 homeowners signed up for forbearance at the height of the program’s use last June. WSJ, "Many Black Homeowners Are Falling Further Behind on Their Mortgages," 2 May 2021 That’s because federal loans are currently in emergency forbearance under the CARES Act, meaning borrowers aren’t required to make payments and their loans won’t accrue any interest until at least September 30, 2021. Casey Bond, Fortune, "Is now a good time to refinance debt like mortgages or student loan?," 24 Apr. 2021 There are also deferment and forbearance options available for borrowers in dire financial straits. Preston Cooper, Forbes, "We Need To Be Ready For Student Loan Payments To Resume In October," 12 Apr. 2021 And yet Grassley seemed to think that he was owed not only a pass but congratulations for his forbearance. Amy Davidson Sorkin, The New Yorker, "The Republicans Finally Face Merrick Garland—and Act as if They Were the Ones Unfairly Treated," 23 Feb. 2021 According to the Mortgage Bankers’ Association, 2.5 million mortgages, or 5.1% of all outstanding residential loans, also are still in forbearance, as wealthy buyers continue to snatch up second and third homes (or more) as investments. Peter Lane Taylor, Forbes, "Yes. America’s Housing Market Is Officially Over-Heating Everywhere. How Long Can It Last?," 18 Apr. 2021 Currently, there are 2.3 million homeowners who remain in mortgage forbearance, representing 4.4% of all homeowners with mortgages, according to Black Knight, a mortgage data company. Anna Bahney, CNN, "Mortgage, car loans, or credit cards: Here's what bills people paid first during the pandemic," 15 Apr. 2021 The late loan rates include mortgages that are in payment forbearance because of the pandemic. Steve Brown, Dallas News, "More Dallas-Fort Worth homeowners are falling behind on mortgage payments," 13 Apr. 2021 As of February, nearly 3 million U.S. homeowners were behind on their home loans, with about 2.1 million mortgages in forbearance and at least 90 days late, according to the CFPB. Alex Veiga, ajc, "US consumer watchdog eyes rules to prevent foreclosures," 5 Apr. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'forbearance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of forbearance

1576, in the meaning defined at sense 1

History and Etymology for forbearance

see forbear entry 1

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Time Traveler for forbearance

Time Traveler

The first known use of forbearance was in 1576

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Statistics for forbearance

Last Updated

8 May 2021

Cite this Entry

“Forbearance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/forbearance. Accessed 15 May. 2021.

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More Definitions for forbearance

forbearance

noun

English Language Learners Definition of forbearance

formal : the quality of someone who is patient and able to deal with a difficult person or situation without becoming angry

forbearance

noun
for·​bear·​ance
variants: also forebearance \ fȯr-​ˈbar-​əns \

Legal Definition of forbearance

: a refraining from the enforcement of something (as a debt, right, or obligation) that is due

More from Merriam-Webster on forbearance

Thesaurus: All synonyms and antonyms for forbearance

Nglish: Translation of forbearance for Spanish Speakers

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