moratoriums

Variant of moratorium

moratorium definition

mora·to·rium (môr′ə tôr′ē əm)

noun pl. moratoriums -·ri·ums or moratoria -·ria (-ə)

  1. a legal authorization, usually by a law passed in an emergency, to delay payment of money due, as by a bank or debtor nation
  2. the effective period of such an authorization
  3. any authorized delay or stopping of some specified activity

Etymology: ModL < neut. of LL moratorius, delaying < L morari, to delay < mora, a delay: see merit

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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