Indulgence
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
A favor granted
It is a general rule that where a creditor gives indulgence, by entering into a binding contract with a principal debtor, by which the surety is or may be damnified, such surety is discharged, because the creditor has put it out of his power to enforce immediate payment, when the surety would have a right to require him to do so.
6 Dow, Pari. Cas. 238; 3 Mer. 272; Bac. Abr. "Oblig." (D).