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moratoriummore about moratorium

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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