Forbearance Agreement Law and Legal Definition. A forbearance agreement is typically an agreement to postpone, reduce, or suspend payment due on a loan for a limited and specific time period. Interest that accrues during the forbearance remains the debtor's responsibility.
1. river basin-the entire geographical area drained by a river and its tributaries; an area characterized by all runoff being conveyed to the same outlet; flood control in the Missouri basin.catchment area, catchment basin, drainage area, drainage basin, watershed, basin.detention basin-a storage site (such as a small reservoir) that delays the flow of water downstream. retention basin-a storage site similar to a detention basin but the water in storage is permanently obstructed from flowing downstream.atchment area, catchment basin, drainage area, drainage basin, watershed, basin. detention basin-a storage site (such as a small reservoir) that delays the flow of water downstream. retention basin-a storage site similar to a detention basin but the water in storage is permanently obstructed from flowing downstream.
Full Definition of BASIN. 1. a: an open usually circular vessel with sloping or curving sides used typically for holding water for washing b chiefly British: a bowl used especially in cooking c: the quantity contained in a basin. 2. a: a dock built in a tidal river or harbor b: an enclosed or partly enclosed water area.efinition of BASIN for Kids. 1. : a wide shallow usually round dish or bowl for holding liquids. 2. 3. : the land drained by a river and its branches. 4. : a partly enclosed area of water for anchoring ships.