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.
Basin vs Valley. A basin is a depression or hollow on the earthâs surface, which is surrounded by higher land. A valley is also a depression or hollow between hills, mountains and uplands. A basin, which is also called a watershed, is the part of land that is drained by a river and its various tributaries.Creeks and streams are the characteristics of a basin, which helps in the draining of the water that falls on the surface into a river, which is then carried into the ocean.asin vs Valley. A basin is a depression or hollow on the earthâs surface, which is surrounded by higher land. A valley is also a depression or hollow between hills, mountains and uplands. A basin, which is also called a watershed, is the part of land that is drained by a river and its various tributaries.