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Definitions for: Moratorium [n] suspension of an ongoing activity
[n] a legally authorized postponement before some obligation must be discharged
Webster (1913) Definition: 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.
See Also: abeyance, delay, hold, postponement, suspension, time lag, wait
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