Forbearance provides the borrower time to repay delinquent mortgage sums. This is advantageous to the struggling borrower, and offering forbearance benefits the loan owner, which frequently loses money on a foreclosure after paying the fees associated with the process.
THE DOMAIN OF RITUAL BEHAVIOR. The term ritual refers to an extensive and diverse domain of human behavior. At one end of a conceptual continuum, a ritual is a public, elaborate, and often largescale religious, aesthetic or civic ceremony.
B. Social Psychologists term such phenomena collective behavior - relatively spontaneous and unstructured ways of thinking, feeling, and acting that develop within a group as a result of interaction among participants. It is not governed by traditional, established norms and hence is not institutionalized.