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| mor·a·to·ri·um [ màwrə táwree əm ] (plural mor·a·to·ri·ums or mor·a·to·ri·a [ màwrə táwree ə ]) |
noun |
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| Definition: |
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1. agreed period of delay: a formally agreed period during which an activity is halted or a planned activity is postponed
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2. allowed delay in meeting obligation: a period during which a person, usually a debtor, has the right to postpone meeting an obligation
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| [Late 19th century. < modern Latin< late Latin moratorius "delaying" (see moratory)] |
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