forgive
/fəˈgɪv/ verb [T] (forgave, forgiven) formal ECONOMICS, FINANCE
› to allow someone to not have to pay a debt: Japan agreed to forgive up to 100% of the debts owed to it by the world's poorest countries.
forgiveness noun [U] › debt/loan forgiveness The legislation also includes special loan forgiveness for public servants such as teachers and firefighters.