Question:What is meant by the term "Forbearance"? 

A A postponement of payment on a loan, typically if the borrower doesn't qualify for a deferment and is unable to make payments for a reason such as poor health 

B A step taken during bankruptcy 

C An extra loan payment made to pay down principal 

D None of these 

+ Answer
+ Explanation
+ Report
Total Preview: 706

Copyright © 2024. Powered by Intellect Software Ltd