Moratorium

Mor`a*to"ri*um

(?), n. [NL. See Moratory.] 1. (Law) A period during which an obligor has a legal right to delay meeting an obligation, esp. such a period granted, as to a bank, by a moratory law.
[Webster 1913 Suppl.]

2. a suspension of an activity.
[PJC]

3. an officially authorized period of delay or waiting; as, a moratorium on putting a law into effect.
[PJC]

 

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Sun 16th December 2018