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- Dictionarymoratorium/ˌmɒrəˈtɔːrɪəm/
noun
- 1. a temporary prohibition of an activity: "a moratorium on the use of drift nets"
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MORATORIUM definition: 1. a stopping of an activity for an agreed amount of time: 2. a stopping of an activity for an…. Learn more.
The meaning of MORATORIUM is a legally authorized period of delay in the performance of a legal obligation or the payment of a debt. How to use moratorium in a sentence.
Moratorium is commonly used to refer to official, legally authorized suspensions or postponements, especially involving payments on debts. It is also often used in a joking way to suggest a ban on something that one finds annoying.
MORATORIUM meaning: 1. a stopping of an activity for an agreed amount of time: 2. a stopping of an activity for an…. Learn more.
A moratorium on a particular activity or process is the stopping of it for a fixed period of time, usually as a result of an official agreement. They voted to impose a one-year moratorium on nuclear testing.
A moratorium is the suspension of a particular activity –– you could have a moratorium on fishing, baking, the use of candles, or the wearing of matching socks. Generally, moratoriums go into effect when something becomes seen as being not okay for now, but might go back to being okay later.
1. Law. a. A lawful suspension of the payment of certain debts during a period of financial or civil distress. b. The period during which such a suspension occurs. 2. A suspension of an ongoing or planned activity: a moratorium on timber cutting.
moratorium (on something) a temporary stopping of an activity, especially by official agreement. The convention called for a two-year moratorium on commercial whaling. The government has called for a moratorium on weapons testing. He announced a moratorium on the building of new power stations.
Britannica Dictionary definition of MORATORIUM. [count] : a time when a particular activity is not allowed. The treaty calls for a nuclear testing moratorium. — often + on. a moratorium on nuclear testing. City officials declared a moratorium on building more houses in that part of the city.
Moratorium Definition. A lawful suspension of the payment of certain debts during a period of financial or civil distress. A legal authorization, usually by a law passed in an emergency, to delay payment of money due, as by a bank or debtor nation. The effective period of such an authorization.
