Definition of moratorium in English:
noun (plural moratoriums or moratoria /-ˈtôrēə/)
1A temporary prohibition of an activity: an indefinite moratorium on the use of drift nets
More example sentences
- It was simply due to the fact that the British, American and Soviet governments agreed a temporary moratorium on all nuclear testing in October 1958.
- In 2003 the US government put a temporary moratorium on the development of specialist hospitals that are partly owned by the doctors using them.
- A temporary moratorium on new computers has been imposed by the service.
1.1 Law A legal authorization to debtors to postpone payment.
- For Germany, the economic and financial crisis led US President Hoover to announce on 21 June 1931 a one-year moratorium for reparation payments.
- There's nothing inconsistent with the Government now saying there should be a moratorium and a payment of the lower amount.
- The downside of a moratorium is that when it is lifted, payments are bunched up and the cost of borrowing could rise, meaning countries will find it even harder reduce their debt.
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