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n. an intentional delay in collecting a debt or demanding performance on a contract, usually for a specific period of time. Forbearance is often consideration for a promise by the debtor to pay an added amount.
definition of contingent deferred sales charge cdsc a fee sales charge or load that mutual fund investors pay when selling class b fund shares within a specified number of years of the date on which they were originally purchased also known as a back end load or sales chargenext upor mutual funds with share classes that determine when investors pay the fund s load or sales charge class b shares carry a contingent deferred sales charge during a five to 10 year holding period calculated from the time of the initial investment