MORATORIUM
\mˌɔːɹɐtˈɔːɹi͡əm], \mˌɔːɹɐtˈɔːɹiəm], \m_ˌɔː_ɹ_ɐ_t_ˈɔː_ɹ_iə_m]\
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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.
By Oddity Software
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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.
By Noah Webster.
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Delay in performing an obligation or taking an action legally authorized or simply agreed to be temporary.
By Henry Campbell Black
Word of the day
Sarah Tittle Bolton
- An American poet; born Newport, Ky., Dec. 18, 1815; died in Ind., Aug. 4, 1893. She is known for her patriotic and war poems, including: "Paddle Your Own Canoe"; "Left on the Battlefield"; etc. "Poems"(New York, 1865; Indianapolis, 1886).