legally authorised postponements of the fulfilment of obligations
plural noun: moratoria
a temporary prohibition of an activity.
“a moratorium on the use of drift nets”
synonyms: embargo, ban, prohibition, suspension, postponement, stay, stoppage, halt, freeze, standstill, respite, hiatus, delay, deferment, deferral, adjournment
“a temporary moratorium on all nuclear testing”
a legal authorization to debtors to postpone payment.
“the debt was to be subject to a five-year moratorium”