forbearing definition for debt
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forbearance n. an intentional delay in collecting a debt or demanding performance on a contract, usually for a specific period of time. Forbearance is often consideration for a promise by the debtor to pay an added amount.
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Mortgage Deferment Payment Options Under a forbearance, a mortgage lender agrees to suspend or lower a homeowner's mortgage payment for a specified duration. Unlike reinstatement or a repayment plan, which tend to occur after a homeowner has fallen behind on payments, a forbearance is a proactive measure.
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debtor Debtor. 1  Borrower of money. 2  A person, company, or other organization that owes money to another individual, company, or organization. Generally speaking, a debtor acquires debt for a specific purpose, such as to fund a college education or to purchase a house. 3  An individual or organization that owes a debt or has an obligation to another party.
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Arrears Arrears (or arrearage) is a legal term for the part of a debt that is overdue after missing one or more required payments. The amount of the arrears is the amount accrued from the date on which the first missed payment was due. The term is usually used in relation with periodically recurring payments such as rent, bills, royalties (or other contractual payments), and child support.
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Debt A debt generally refers to something owed by one party, the borrower or debtor, to a second party, the lender or creditor. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest.ommon types of debt owed by individuals and households include mortgage loans, car loans, and credit card debt. For individuals, debt is a means of using anticipated income and future purchasing power in the present before it has actually been earned.
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forfeiture Definition of forfeiture. 1  1 : the act of forfeiting : the loss of property or money because of a breach of a legal obligation assets subject to forfeiture. 2  2 : something (such as money or property) that is forfeited : penalty.
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Forbearance Forbearance is generally not as helpful as a deferment because interest continues to accrue while the loan payments are postponed. Be careful: The loan balance can increase very quickly! Beware of servicers that insist that forbearance is the best option for you.
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Selling Guide Court-Ordered Assignment of Debt. When a borrower has outstanding debt that was assigned to another party by court order (such as under a divorce decree or separation agreement) and the creditor does not release the borrower from liability, the borrower has a contingent liability.
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Grand Rapids, Michigan Add Favorite 56 Reviews | Review This Place RELIGION OVERVIEW. 54.97% of the people in Grand Rapids, Michigan are religious, meaning they affiliate with a religion. 19.38% are Catholic; 0.56% are LDS; 12.74% are another Christian faith; 0.19% in Grand Rapids, Michigan are Jewish; 0.44% are an eastern faith; 1.38% affilitates with Islam.
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- Popular Terms. The amount of money that a business does not expect to collect from its clients. A bad or doubtful debt is an operating expense that can be reported on a financial statement when a customer is experiencing financial troubles or has filed for bankruptcy.
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forbear Definition of forbear for English Language Learners. : to choose not to do (something that you could do) : to avoid doing or saying (something)
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- Definition. Period over which a loan agreement is in force, and before or at the end of which the loan should either be repaid or renegotiated for another term. See also loan terms.
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What is 'Bad Debt' What is 'Bad Debt'. Bad debt is debt that is not collectible and therefore worthless to the creditor. Bad debt is usually a product of the debtor going into bankruptcy but may also occur when the creditor's cost of pursuing the debt collection activities is more than the amount of the debt. Once a debt is considered bad, the business may be able to write it off as an expense on its income tax return. Next Up.
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bearance She said, It hath reached me, O auspicious King, that the treasurer wept for their weeping; then the two brothers embraced and bade farewell and one said to the other, All this cometh of the malice of those traitresses, my mother and thy mother; and this is the reward of my forbearance towards thy mother and of thy for bearance towards my mother!
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- A Dictionary of the Art of Printing (1841). by William Savage. To Forbede or Forbid — in the preterite Forbod; in the participle Forboden, Forbode, Forbodden. To Gar or Ger (Sc.) to cause — in the preterite and participle Gart, Gert. To Geve, Gif, or Gyf, to give — in the preterite Gaf; in the participle Giffin, ...
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What is Forbearance in Student Loans? - Definition Awesome!' The key word in the sentence, of course, is temporarily. Before we get too deep into the details, let's kick off this lesson with a definition. Forbearance, at the most basic level, is when the lender permits you to stop making payments or even reduce monthly payments for up to twelve months. There are two types of forbearances: discretionary and mandatory. We'll explore those soon.
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debt Definition of debt for English Language Learners. : 1  an amount of money that you owe to a person, bank, company, etc. : 2  the state of owing money to someone or something. : 3  the fact that you have been influenced or helped by someone or something.
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debt Definition of owe - have an obligation to pay or repay (something, especially money) in return for something received Definition of owe - have an obligation to pay or repay (something, especially money) in return for something received
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- verb. give nourishment; augment. 1  banquet. 2  bolster. 3  cater. 4  cram. 5  deliver. 6  dine. 7  dish out. 8  dispense. 9  encourage. 10  fatten. 11  feast. 12  fill. 13  find. 14  foster. 15  fuel. 16  furnish. 17  give. 18  gorge. 19  hand. 20  hand over. 21  maintain. 22  minister. 23  nourish. 24  nurse. 25  nurture. 26  provide. 27  provision. 28  regale. 29  satisfy. 30  stock. 31  strengthen. 32  stuff. 33  supply. 34  support. 35  sustain. 36  victual. 37  wine and dine.erb. treat oneself or another to. 1  allow. 2  baby. 3  cater. 4  coddle. 5  cosset. 6  delight. 7  entertain. 8  favor. 9  foster. 10  give in. 11  give rein to. 12  go along. 13  go easy on. 14  gratify. 15  humor. 16  mollycoddle. 17  nourish. 18  oblige. 19  pamper. 20  pander. 21  pet. 22  please. 23  regale. 24  satiate. 25  satisfy. 26  spoil. 27  spoil rotten. 28  take care of. 29  tickle. 30  yield.
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CHILDBEARING • CHILDBEARING (noun). The noun CHILDBEARING has 1 sense: 1. the parturition process in human beings; having a baby; the process of giving birth to a child. Familiarity information: CHILDBEARING used as a noun is very rare.
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Loan Modification Types & Options, Loan Mod Information & Plans Loan Modification Options. Forbearance. A forbearance is when the lender temporarily suspends or reduces payments for the borrower, perhaps to get them through a short-term financial hardship. It differs from other types of loan modifications in that the lender expects to be recoup the full difference at the end of the forbearance period.
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debt something that is owed or that one is bound to pay to or perform for another: a debt of $50. 2. a liability or obligation to pay or render something: My debt to her for advice is not to be discharged easily. 3. the condition of being under such an obligation:
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About how tall should you be at age 12, about in 7th grade. And how about weight? There is no definite answer to how tall one should be for their age. This answer will vary from person to person, from gender to gender and from age. One can talk to their doctor to find out the exact height that is approximate for their age and gender. A 12 year old girl who is 5 feet tall should weigh between 80 and 110 pounds. Of course some girls will weigh more and some will weigh less, it does not mean that they are fat or too skinny. A 12 year old boy who is also 5 feet tall should weigh between 75 and 100 pounds.
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- ברית (berith) is also translated “covenant” in English versions, but, like διαθηκη, it also refers to legal dispositions or pledges which may or may not have the character of an “agreement.” Sometimes a ברית is more in the nature of a one-sided promise or grant.he Greek word διαθηκη (diatheke), usually translated “covenant” in English versions of the Bible, is a legal term denoting a formal and legally binding declaration of benefits to be given by one party to another, with or without conditions attached.
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Forbearance The term “mandatory” refers to the lender’s obligation to grant you a forbearance, not your obligation to request one. Most relevant for low-income borrowers are mandatory administrative forbearances for up to five years in cases where the borrower will not be able to repay the loan within the maximum repayment term.
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Cancellation of Debt Cancellation of debt refers to the releasing or forgiving of a debt completely. Cancellation of debt may be granted to individuals or businesses depending on the circumstances. Cancellation of debt is also termed as discharge of indebtedness. In Jones v. Cendant Mortg. Corp. (In re Jones), 396 B.R. 638 (Bankr.