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From course:

Mortgage Terms

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Question:

The act of refraining from enforcing a right, obligation, or debt. Permitting one to retain a loan of money after it has become due and payable is forbearing it. Forbearance, within the meaning of usury laws, is the giving of further time for the return of payment of money after the date upon which it became due.

Author: Memorable Ladybug



Answer:

Forbearance


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