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moratorium |
2 definitions found From Webster's Revised Unabridged Dictionary (1913) [web1913]: Moratorium \Mor`a*to"ri*um\, n. [NL. See {Moratory}.] (Law) A period during which an obligor has a legal right to delay meeting an obligation, esp. such a period granted, as to a bank, by a moratory law. From WordNet r 1.6 [wn]: moratorium n 1: a legally authorized postponement before some obligation must be discharged 2: suspension of an ongoing activity
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