forbearance

Vocabulary Word

Definition

'Forbearance' means you're being patient, and you're also controlling yourself. So, even when you’re faced with something really hard or annoying, you don't get upset. You're in control of your feelings.

Examples in Different Contexts

In mortgage lending, 'forbearance' is an option to aid struggling borrowers. A mortgage banker might say, 'Forbearance can provide you temporary relief during financial difficulties, but it’s crucial to understand the terms and repercussions to make informed decisions.'

Practice Scenarios

Business

Scenario:

The negotiations are dragging on, but it's crucial to not rush this process. The outcomes could shape the company's future.

Response:

I agree. Our company's future relies on these negotiations. I propose we exercise forbearance, even if the process takes longer than projected.

Impact

Scenario:

The efforts to implement our conservation programme have met with unexpected resistance. However, we must remain determined.

Response:

It's unfortunate but it’s crucial to persist. Our forbearance will indeed help us maintain our focus and achieve our conservation goals.