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doc Definition of moratorium
    English to English
    noun
  • a legally authorized postponement before some obligation must be discharged
    • source: WordNet 3.0
  • suspension of an ongoing activity
    • source: WordNet 3.0
  • 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 1913
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