Definition of Moratarium
||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.
||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.
- Webster's Unabridged Dictionary (1913)
- An authorization to a debtor, permitting temporary suspension of payments.
- A suspension of an ongoing activity
a moratorium on cloning for research
- The Nuttall Encyclopedia
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The correct Spelling of this word is: Moratorium
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