moratorium (Meaning)
moratorium (n)
a legally authorized postponement before some obligation must be discharged
suspension of an ongoing activity
moratorium (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.
Synonyms & Antonyms of moratorium
moratorium Sentence Examples
- The government declared a moratorium on new construction projects to alleviate the housing shortage.
- The bank imposed a moratorium on loan payments for homeowners affected by the natural disaster.
- The court issued a moratorium on the logging of endangered tree species to preserve biodiversity.
- The organization placed a moratorium on hiring new employees due to financial constraints.
- The university enacted a moratorium on the use of social media during exams to prevent cheating.
- The city's moratorium on development in certain areas aimed to protect historic landmarks and green spaces.
- A moratorium on genetically modified crops was imposed following concerns about their potential environmental impact.
- The parliament passed a moratorium on the construction of skyscrapers in the downtown district.
- The federal agency declared a moratorium on the issuance of permits for mining in protected wilderness areas.
- The pharmaceutical company issued a moratorium on the sale of a new drug after reports of adverse side effects.
FAQs About the word moratorium
a legally authorized postponement before some obligation must be discharged, suspension of an ongoing activityA period during which an obligor has a legal right
suspension, suspense, coma, cold storage, quiescence,abeyance, suspended animation, latency, recession, dormancy
continuance,continuation, continuation, continuance,renewal, renewal, resuscitation, resumption, resuscitation, resumption
The government declared a moratorium on new construction projects to alleviate the housing shortage.
The bank imposed a moratorium on loan payments for homeowners affected by the natural disaster.
The court issued a moratorium on the logging of endangered tree species to preserve biodiversity.
The organization placed a moratorium on hiring new employees due to financial constraints.
