Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

forbearance

Read a random definition: substance-abuse evaluation and treatment

A quick definition of forbearance:

Forbearance is when someone chooses not to do something on purpose. In the law, it means delaying the enforcement of a right, obligation, or debt. For example, if someone owes money to a bank, the bank might agree to forbear taking legal action if the person agrees to pay the debt back in a different way. Another example is when someone can't make their mortgage payments, and the lender agrees to forbear foreclosing on the house for a little while and gives the person a new payment plan to help them catch up.

A more thorough explanation:

Forbearance is when someone intentionally chooses not to do something. In the legal world, it means delaying the enforcement of a right, obligation, or debt.

Here are a few examples of forbearance:

  • A creditor may choose to forbear legal action against a debtor if they agree to new payment conditions.
  • A mortgage forbearance agreement is when a lender agrees not to foreclose on a mortgage, and the borrower agrees to a new payment plan that provides temporary payment relief.

These examples show how forbearance can be used to delay or change the enforcement of a legal obligation. In both cases, the creditor or lender is choosing to give the debtor or borrower more time to pay back their debt or mortgage.

for value received | force majeure

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
you shouldn't apply to anywhere you wouldn't realistically go if it was your only offer
for sure, thank you a lot. Have fun at michigan that will be awesome!
NosyBeagle
17:13
it is 4pm here so it's time for nyt sudoku (I'm not good at sudoku either)
omg i just did the wordle and mini
NosyBeagle
17:14
love nyt games
SAMEEEEE
NosyBeagle
17:14
i do them in between studying to keep sane
@RasheedWallaceFan: take your list and research the city, campus, tuition, bar passage, employment by sector, etc.!!! it might help you narrow down your school choices
also don't pay much attention to the people on reddit. there's genuinely good advice but there's a ton of people who are just energy vampires (average reddit user)
@NosyBeagle: that is so real
me playing a mobile game after a 7sage section
NosyBeagle
17:26
i have or im gonna get the lsat blues
NosyBeagle
17:26
lol
17:30
I already have the LSAT blues... not as much as I am going to have between June 7 and June 25 though :P
17:31
The real reason why lawyers are alchoholics... Because there is so much of a wait time between tests and scores.
NosyBeagle
17:48
i already became one in undergrad so ill fit right in
Are the 7sage app requirements as far as essays go accurate? I would love to spend my summer preparing my applications but I dont want to waste time writing essays that wont be there. Is there a way to know what will be on the apps, or when those apps will be available to view? Or should I just focus on my PS and DS for now?
@RasheedWallaceFan: they were accurate for me, but school requirements change year to year and there's no way for anyone to know for sure
NosyBeagle
18:22
how far can i get if I type "please" on a word doc 500 times
okay sabrina carpenter
NosyBeagle
18:32
lmao
NosyBeagle
18:37
oh yeah my shift is almost over im gonna go to sleep immdiately
@RasheedWallaceFan: refer to school website, of course
@windyMagician: swagjacker
22:27
yall ever wish you were an all powerful dictator
22:27
i think id be a good dictator
22:27
whip this place into shape
0:11
this place is tamer than a petting zoo when all the animals are alseep
Buck-Mah-Futt
0:46
Get lit @llama https://soundcloud.com/torzx/1000a
Buck-Mah-Futt
0:49
The fighting temptation sample is so much better than the original https://www.youtube.com/watch?v=QVX_ZkLbIuk
LSD+ is ad-free, with DMs, discounts, case briefs & more.