mor·a·to·ri·um  (môr ′ə-tôr ē- əm, m ŏr ′-)
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n. pl. mor·a·to·ri·ums or mor·a·to·ri·a (-tôr ē- ə) 1. Law a. A lawful suspension of the payment of certain debts during a period of financial or civil distress. b. The period during which such a suspension occurs. 2. A suspension of an ongoing or planned activity: a moratorium on timber cutting.
[From Late Latin morātōrium, neuter of morātōrius, delaying, from Latin morātus, past participle of morārī, to delay, from mora, delay.]
mora·to′ry adj. |