For•bear•ance (fôr-bâr¹ens)
noun
1. The act of forbearing.
2. Tolerance and restraint in the face of provocation;
patience. See synonyms at patience.
3. The quality of being forbearing.
4. Law. The act of a creditor who refrains from enforcing a
debt when it falls due.
The American Heritage® Dictionary of the English Language
Mortgage Forbearance: The postponement for a limited time of a portion or all the mortgage loan payments when a borrower or home owner is delinquent.
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