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Moratorium
01
a temporary suspension or halt of an ongoing activity, often imposed by an authority
Example
Due to the recent environmental concerns, the government announced a moratorium on logging in the protected forest areas.
The company decided to impose a moratorium on hiring new employees until they could assess their financial situation.
The city council declared a moratorium on new construction projects in the flood-prone area while they reviewed flood control measures.
02
a legally authorized postponement before some obligation must be discharged
