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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.
funded debtnoun [ U ] uk â us â FINANCE. âº also long-term debt money borrowed by a company for long periods in the form of loans or bonds: The figure must be included in the statement of the total amount of funded debt outstanding. âº loans in which the person or organization borrowing the money is certain to have money available to make interest payments, and to pay the money back when the loans end. (Definition of âfunded debtâ from the Cambridge Business English Dictionary Â© Cambridge University Press)