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.
Wiktionary (0.00 / 0 votes) Rate this definition: basin (Noun). A bowl for washing, often affixed to a wall. basin (Noun). An area of land from which water drains into a specific river. basin (Noun). A rock formation scooped out by water erosion.asin (noun). the entire tract of country drained by a river, or sloping towards a sea or lake. Basin (noun). an isolated or circumscribed formation, particularly where the strata dip inward, on all sides, toward a center; -- especially applied to the coal formations, called coal basins or coal fields.