forbearance
Example Sentences
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Also authored by Harabedian, AB 238 prohibited mortgage lenders and servicers from requiring borrowers to pay back any forbearance in a lump sum, but it otherwise did not specify repayment terms.
From Los Angeles Times
If they missed payments for three consecutive months, they were placed in forbearance so their loans wouldn’t become increasingly delinquent and mar their credit records.
A legion of zombie companies—those whose revenue is insufficient to cover debt repayment and that are sustained only by forbearance from lenders—have long been a drain on Japan’s economy.
Regulators lacked the resources in their insurance fund to close bankrupt S&Ls, forcing an era of “forbearance” when thrifts stayed open despite insolvency.
Whether to continue granting Mexico the benefits of American trade and forbearance is our choice.
From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
