Forbearance Law and Legal Definition

The term forbearance means that the act of tolerating or abstaining from something. Forbearance is the act of refraining from enforcing a right, obligation, or debt. In short, forbearance signifies an intentional negative act, while omission or neglect is an unintentional negative act. For example, the act by which a creditor waits for the payment of the debt due him by the debtor, after it has become due.