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Forbearance

A Dictionary of Law · William C. Anderson · 1889

A Dictionary of Law

Suspension of an existing demand, i Delay in enforcing a right. In statutes against usury, giving additional time, after the time originally limited for the return of a loan has passed. 2 An agreement to forbear bringing a suit for a debt due, although for an indefinite time, and even although it cannot be construed to be an agreement for perpetual forbearance if followed by actual forbearance for a reasonable 'time, is a good consideration for a promise.^ See Consideration, 2; Surety.