You searched for: “moratoriums
moratorium (s) (noun), moratoriums (pl)
1. A legal and authorized suspension of the completion of an obligation: All the garbage collectors decided on a moratorium to quit work until receiving their overdue pay checks from the month before.
2. An authorization to a debtor; such as, a bank or nation, permitting temporary suspension of payments: Jack asked his insurance company for a moratorium, or a postponement, of monthly deposits because he was momentarily out of work!
3. A formally agreed period during which an activity is halted or a planned activity is postponed: The school staff decided on a moratorium of class trips until the bus drivers ended their strikes.
4. Etymology: originally a legal term for "authorization to a debtor to postpone payment"; from Late Latin moratorius, "tending to delay"; from Latin morari, "to delay", from mora, "pause, delay".
A postponement of an action.
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