In contrast, the bear in forbear is from the word meaning “to carry.” For example, a borrower who worked at the same company for ten years without ever missing a mortgage payment is a good candidate following a layoff. This borrower would be particularly likely to receive forbearance if they are highly skilled and can land a comparable job within a reasonable period. A lender is less likely to grant forbearance to a laid-off borrower with a spotty employment history or a track record of missed payments. A mortgage forbearance agreement is made between a mortgage lender and a delinquent borrower to bring the latter current on mortgage payments over time.

Although it is primarily used for student loans and mortgages, forbearance is an option for any loan. This helps struggling borrowers and benefits the lender, who frequently loses money on foreclosures and defaults after paying the fees. Loan servicers may be less willing to work with borrowers on forbearance relief because they do not bear as much financial risk. Forbearance is a temporary noxzema on sunburns suspension of loan payments that normally lasts for a set period of time, typically in reference to student loans or mortgages. It does not mean that you stop paying your loan entirely, but rather it delays your payments. In addition, at the end of the grace period you will once again have to pay the full amount that was due on your mortgage when you started the suspension.

Another forbearance option is for the lender to temporarily reduce the borrower’s interest rate. The terms of a forbearance agreement are negotiated between the borrower and the lender. When we researched the dictionary, that was the more common spelling in Canada, but, as I recall, not by a huge margin. I don’t use the word “preferred” as it implies a value judgement (or judgment!). If two spellings are given, users are free to use whichever of the two they like. I have never used “judgment” personally (the word, that is, not the thing!).

Perhaps from the false presumption that “forebear” was supposed to be fore- + bear (“to give birth to”). The word in the example sentence does not match the entry word. Add forebear to one of your lists below, or create a new one. Since many families will be gathering for the holiday, it’s a perfect time to create a family tree.

The apparent post-2000 uptick is due to dictionaries and recent editions of 19th-century books being loaded onto Google Books. It is clear that the verb “forbear” is in its death throes. “Forbearance” has always been healthier than the verb from which it derives, but even it is not what it once was. The American Heritage® Dictionary of the English Language, Fifth Edition copyright ©2022 by HarperCollins Publishers. Some compound words don’t appear on the drop-down list when you type them in the search bar.