MORATORIUM

By SovConn | June 1, 2013

moratorium (mor-<<schwa>>-tor-ee-<<schwa>>m).1. An authorized postponement, usu. a lengthy one, in the deadline for paying a debt or performing an obligation. 2. The period of this delay. 3. The suspension of a specific activity. Pl. moratoriums; moratoria.

[Blacks Law 8th]

Posted in Law Dictionary Definitions