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Simple English definitions for legal terms

forbearance

Read a random definition: hetaerarcha

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.

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haha suckers!!!!!!!!!!!!!!!!!
20:38
prolly have a lil family and hobbies what loosers
hahah losers like what? you travel? have a life? not me, i'm reading every line of a contract while my seniors go play golf and enjoy like hahaha suckers
20:40
yea inverse perspective, what is fun is not fun and what is not fun is fun
20:40
you get it.
i wanna be able to travel a ton too
my ex just posted a harry potter related joke i think i dodged a bullet
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Im only going to law school to recruit members for the revolution
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nice where u wanna go? yea bullet dodged fr
can we join even if we're not at ur school
20:44
yeah but youd be in a different chapter
20:44
are we revolting against people who do not use their signal whilst driving?
20:44
We’re revolting against the man, man
20:45
Power does not flow from the sleeve of a judges robe to paraphrase
fuck yeah i'm down
MrThickRopes
20:46
uhhh
MrThickRopes
20:46
Yeeeeaahh
MrThickRopes
20:46
PUT DA BEAT ON BRUH
20:48
Aight yall can join but I call dibs on being assassinated
MrThickRopes
20:49
Unc unc unc unc unc
MrThickRopes
20:49
Up in da club
MrThickRopes
20:49
Up in da club uns uns uns uns uns uns
the unction
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just got a DUI while drinkin an NA beer in my car
20:55
someone help is some1 a hoya lowya here?!
MrThickRopes
21:03
Yoooo wtf
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jk ropes but I do got ops fr
MrThickRopes
21:12
Me too bruh they praying on my downfall fr
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bruh i got ppl tryna make my head a brain smoothie
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serve me with some margarita mix and agave sweetener and summ
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