MORATORIUM
moratorium
(noun) suspension of an ongoing activity
moratorium
(noun) a legally authorized postponement before some obligation must be discharged
Source: WordNet® 3.1
Etymology
Noun
moratorium (plural moratoriums or moratoria)
(legal) An authorization to a debtor, permitting temporary suspension of payments. [from 19th c.]
A suspension of an ongoing activity. [from 20th c.]
Synonyms
• (suspension of an ongoing activity): hiatus, interruption, recess; see also pause
Source: Wiktionary
Mor`a*to"ri*um, n. [NL. See Moratory.] (Law)
Definition: 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’s Unabridged Dictionary 1913 Edition
Word of the Day
17 November 2024
MONASTICISM
(noun) asceticism as a form of religious life; usually conducted in a community under a common rule and characterized by celibacy and poverty and obedience
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