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Definition of Moratorium
1. Noun. A legally authorized postponement before some obligation must be discharged.
2. Noun. Suspension of an ongoing activity.
Definition of Moratorium
1. n. 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.
Definition of Moratorium
1. [n -RIA or -RIUMS]