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.
Translate this Word
Select a language from the dropdown and click "Translate Now" to see this word in your preferred language.
Similar Words
Opposite Words
Related Words
Comments
We have introduced an AI-powered feature to enhance your learning experience. Explore personalized insights and interactive tools powered by artificial intelligence.
Try AI FeatureWORD OF THE DAY
Company
