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Moratorium
01
an officially declared pause of a specific action or policy, often imposed by authorities to allow for review, safety, or negotiation
Grammatical Information
Animacy status
Abstract
Composition
Compound
Countable
singular
not gender specific
Plural form
moratoriums
Examples
The government imposed a moratorium on offshore drilling after the oil spill.
02
a legally allowed delay in fulfilling financial obligations, especially debt repayment, often granted during emergencies or economic hardship
Specialized
Examples
The court granted a moratorium on loan repayments during the bankruptcy proceedings.
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