moratorium definition

  • noun:
    • Law An authorization to a debtor, such a bank or country, allowing temporary suspension of repayments.
    • Law a certified period of delay when you look at the overall performance of an obligation.
    • A suspension of a continuous or planned task: a moratorium regarding implementation of a new gun.
    • a period of time where an obligor features a legal right to wait fulfilling an obligation, esp. such a period of time granted, on a bank, by a moratory law.
    • a suspension of a task.
    • an officially authorized amount of wait or waiting.
    • In law, legal subject to delay for making a due repayment: as a legislative agreement of suspension system of payment by a government lender.
    • In law, appropriate name to postpone in creating a due repayment: as a legislative consent of suspension of payment by a government bank.
    • a legally authorized postponement before some responsibility must certanly be discharged
    • suspension of a continuous activity

Related Sources

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