Moratorium - Definition - Law Dictionary Home Dictionary Definition moratorium

moratorium

---

pl: -riums or: -ria
[New Latin, from Late Latin, neuter of moratorius dilatory, from morari to delay, from mora delay]
1 a : an authorized period of delay in the performance of an obligation (as the paying of a debt)
b : a waiting period set by an authority
2 : a suspension of activity