moratorium

noun

A lawful suspension of the payment of certain debts during a period of financial or civil distress.

noun

The period during which such a suspension occurs.

noun

A suspension of an ongoing or planned activity.

noun

In law, legal title to delay in making a due payment: as a legislative authorization of suspension of payment by a government bank.

noun

In law, legal title to delay in making a due payment: as a legislative authorization of suspension of payment by a government bank.

noun

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.

noun

a suspension of an activity.

noun

an officially authorized period of delay or waiting.

noun

a legally authorized postponement before some obligation must be discharged