moratorium Definition
a temporary stopping of an activity, especially by official agreement.
Using moratorium: Examples
Take a moment to familiarize yourself with how "moratorium" can be used in various situations through the following examples!
Example
The government announced a moratorium on new offshore drilling.
Example
The company called for a moratorium on all new product development until the end of the year.
Example
The city council imposed a moratorium on new construction in the historic district.
moratorium Synonyms and Antonyms
Synonyms for moratorium
Phrases with moratorium
a legally authorized postponement of the payment of certain debts
Example
The bank agreed to a moratorium on the repayment of the loan for six months.
moratorium on executions
a temporary suspension of the death penalty
Example
The governor declared a moratorium on executions until a review of the state's capital punishment system could be completed.
moratorium on evictions
a temporary ban on evicting tenants from their homes or apartments
Example
The city council passed a moratorium on evictions during the pandemic to protect renters from losing their homes.
Origins of moratorium
from Latin 'moratorius', meaning 'delaying'
Summary: moratorium in Brief
The term 'moratorium' [ˌmɒr.əˈtɔː.ri.əm] refers to a temporary stopping of an activity, often by official agreement. It can be applied to various contexts, such as drilling, construction, and product development, as in 'The government announced a moratorium on new offshore drilling.' 'Moratorium' also extends to legal matters like debt repayment and executions, as in 'The bank agreed to a moratorium on the repayment of the loan for six months.'
