MORATORY

Etymology

Adjective

moratory (not comparable)

(legal, finance) Pertaining to delay of payment or fulfilment of an obligation.

Source: Wiktionary

Mor"a*to*ry, a. [L. moratorius delaying, fr. morari to delay.]

Definition: Of or pertaining to delay; esp., designating a law passed, as in a time of financial panic, to postpone or delay for a period the time at which notes, bills of exchange, and other obligations, shall mature or become due.

Source: Webster’s Unabridged Dictionary 1913 Edition

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