Overview

forbearance


Show Summary Details

Quick Reference

The position taken by a lender who chooses not to exercise his or her legal right of foreclosure when a borrower defaults. Instead, the lender may renegotiate the terms of the loan.

Subjects: Law — Social Sciences.


Reference entries

See all related reference entries in Oxford Index »


Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.