MLchartDataset catalogue

Forbearance

Term · Law · MLC-T-LAW-002161

The act of refraining from enforcing a legal right, obligation, or debt that is due. It is often granted by a lender to a borrower, allowing a temporary postponement or reduction of payments. Forbearance agreements are common in mortgage and loan contexts, providing relief during financial hardship.

Table 1. Record
IdentifierMLC-T-LAW-002161
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002161",
  "term": "Forbearance",
  "field": "Law",
  "definition": "The act of refraining from enforcing a legal right, obligation, or debt that is due. It is often granted by a lender to a borrower, allowing a temporary postponement or reduction of payments. Forbearance agreements are common in mortgage and loan contexts, providing relief during financial hardship.",
  "url": "https://mlchart.com/terminology/law/forbearance/"
}

Record 2,070 of 5,439 in Law terminology (MLC-0107). Request the full dataset.