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