Definition of Moratorium
Moratorium
mor·a·to·ri·um
Definition/Meaning
(noun)
A temporary suspension or prohibition of an activity or policy.
e.g. The government imposed a moratorium on new construction projects to address environmental concerns.
(noun)
a legally authorized postponement of debt repayment;
e.g. The debt is subject to a 2-year moratorium or grace period.
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