Meaning of the word moratorium in English
What does moratorium mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
moratorium
US /ˌmɔːr.əˈtɔːr.i.əm/
UK /ˌmɒr.əˈtɔː.ri.əm/
Noun
1.
a temporary prohibition of an activity
Example:
•
The government declared a moratorium on new construction in the area.
•
There is a global moratorium on commercial whaling.
2.
a legal authorization to delay payment of debt or performance of an obligation
Example:
•
The bank granted a moratorium on loan repayments for affected customers.
•
The company requested a moratorium on its debt obligations.