- moratorium
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mor·a·to·ri·um /ˌmȯr-ə-'tȯr-ē-əm/ n pl -riums or -ria [New Latin, from Late Latin, neuter of moratorius dilatory, from morari to delay, from mora delay]1 a: an authorized period of delay in the performance of an obligation (as the paying of a debt)b: a waiting period set by an authority2: a suspension of activity
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- moratorium
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noun
abeyance, break, cessation, close, deferral, delay, desistance, discontinuance, end, ending, halt, hold, interim, interval, leaving off, lull, pause, period, period of obligatory delay, postponement, recess, respite, rest, standstill, stop, stoppage, suspension, temporary halt, temporary relief, termination, wait, waiting period
associated concepts: moratorium acts, moratorium on repayment of debt
Burton's Legal Thesaurus. William C. Burton. 2006
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n.A temporary stop to or prohibition of a particular activity; a temporary period in which debtors may postpone payment of debts.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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1) An authorized period of delay in paying a debt or performing an obligation.2) A suspension of activity.Category: Bankruptcy, Foreclosure & Debt
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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A period of time during which a certain activity is not allowed or required. Often used in the context of a restructuring or workout so that creditors cannot enforce their rights for a certain period to enable a restructuring plan to be agreed.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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A suspension of activity or an authorized period of delay or waiting. A moratorium is sometimes agreed upon by the interested parties, or it may be authorized or imposed by operation of law. The term also is used to denote a period of time during which the law authorizes a delay in payment of debts or performance of some other legal obligation. This type of moratorium is most often invoked during times of distress, such as war or natural disaster.
Dictionary from West's Encyclopedia of American Law. 2005.
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A suspension of activity or an authorized period of delay or waiting. A moratorium is sometimes agreed upon by the interested parties, or it may be authorized or imposed by operation of law. The term also is used to denote a period of time during which the law authorizes a delay in payment of debts or performance of some other legal obligation. This type of moratorium is most often invoked during times of distress, such as war or natural disaster.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
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n.1) any suspension of activity, particularly voluntary suspension of collections of debts by a private enterprise or by government or pursuant to court order.2) in bankruptcy, a halt to the right to collect a debt. In times of economic crisis or a natural disaster like a flood or earthquake, there may be a moratorium on foreclosures or mortgage payments until the public can get back to normal activities and earnings.
Law dictionary. EdwART. 2013.
Look at other dictionaries:
moratorium — mor‧a‧to‧ri‧um [ˌmɒrəˈtɔːriəm ǁ ˌmɔː ] noun moratoria PLURALFORM [ riə] or moratoriums PLURALFORM [countable usually singular] 1. a period of time when a particular activity is officially stopped … Financial and business terms
Moratorium — may refer to: Moratorium (law) Moratorium (entertainment) Moratorium to End the War in Vietnam UN moratorium on the death penalty 2010 U.S. Deepwater Drilling Moratorium “Moratorium,” a song by Alanis Morissette on her album Flavors of… … Wikipedia
Moratorium — Sn Aufschub einer fälligen Zahlung, Fristgewährung per. Wortschatz fach. (17. Jh.) Neoklassische Bildung. Neubildung zu l. morātōrius säumend, verzögernd , zu l. morārī in Verzug sein, säumen , zu l. mora f. Verzug, Verzögerung, Aufschub .… … Etymologisches Wörterbuch der deutschen sprache
Moratorium — Mor a*to ri*um, n. [NL. See {Moratory}.] 1. (Law) 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. [Webster 1913 Suppl.] 2. a suspension of an activity … The Collaborative International Dictionary of English
Moratorium — (Anstandsbrief, Indult, Induciae), die Bewilligung, daß ein insolventer Schuldner auf eine bestimmte Zeit nicht von seinen Schuldnern verklagt u. daher gegen ihn namentlich auch nicht das Concursverfahren eingeleitet werden darf. Die… … Pierer's Universal-Lexikon
moratorium — лат. (мораториум) мораторий, отсрочка введения в действие или исполнения каких либо обязательств, объявленная в одностороннем порядке или по соглашению сторон. Толковый словарь иностранных слов Л. П. Крысина. М: Русский язык, 1998 … Словарь иностранных слов русского языка
Moratorĭum — (v. lat. mora, »Verzögerung«, Anstandsbrief, Indult, Literae dilatoriae, respirationis, securitatis), die einem zahlungsunfähigen Schuldner durch die staatliche Autorität erteilte Zahlungsfrist gegenüber seinen Gläubigern. Je nachdem es sich… … Meyers Großes Konversations-Lexikon
Moratorium — Moratorĭum (lat.), Anstandsbrief, Indult (Littĕrae quinquennāles, dilatorĭae, respiratiōnis, securitātis), landesherrliche oder richterliche Verwilligung einer Zahlungsfrist für einen Schuldner; in Deutschland durch die Zivilprozeßordnung… … Kleines Konversations-Lexikon
Moratorium — Moratorium, lat., Indult, Anstandsbrief, Quinquenell, richterliche Stundung der Klage gegen den Schuldner, mit Sicherstellung des Gläubigers … Herders Conversations-Lexikon
moratorium — (n.) 1875, originally a legal term for authorization to a debtor to postpone payment, from neuter of L.L. moratorius tending to delay, from L. morari to delay, from mora pause, delay, from PIE *mere to hinder, delay. The word didn t come out of… … Etymology dictionary