Definition of moratorium

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TeachMeFinance.com - explain moratorium



moratorium -- legal authorization to delay the collection of a debt, or the temporary suspension of some other activity.

historic definition...

Moratorium -- An emergency act of legislation authorizing a government bank to suspend or defer specie payments for a given period. The term also is loosely applied to an edict by a government permitting a delay for a specified period in the payment of public, corporate or even private debts.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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