01 n. A period during which an obligor has a legal right to delay meeting an obligation, esp. such a period granted, as to a bank, by a moratory law.
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1.
A period during which an obligor has a legal right to delay meeting an obligation, esp. such a period granted, as to a bank, by a moratory law.(Law)
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2.
a suspension of an activity.
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3.
an officially authorized period of delay or waiting; as, a moratorium on putting a law into effect.