Moratorium (Noun)
Meaning 1
A legally authorized postponement before some obligation must be discharged.
Classification
Nouns denoting time and temporal relations.
Examples
- The government declared a moratorium on debt repayment for low-income families affected by the economic downturn.
- The court imposed a moratorium on the sale of the disputed property until the ownership issue was resolved.
- Due to financial difficulties, the company requested a moratorium on loan repayments to avoid bankruptcy.
- The state legislature passed a law imposing a moratorium on executions while the constitutionality of the death penalty was being reviewed.
- The lender granted a moratorium on mortgage payments for homeowners who had been affected by the natural disaster.
Hypernyms
Meaning 2
Suspension of an ongoing activity.
Classification
Nouns denoting natural processes.