moratorium

moratorium is defined in Webster's Unabridged Dictionary (1913) with 1 sense. The full text of each entry is reproduced verbatim below.

Definitions

  1. 1.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.

Source: Webster's Unabridged Dictionary, 1913 edition (public domain, via GCIDE / Project Gutenberg).

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