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moratorium

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Moratorium
A temporary delay. An example of a moratorium is a delay in the payment of debt. That is, if too many people are unable to repay loans, the government may declare that no one is legally obligated to make debt service payments for a period of six months. Likewise, if a company is having a difficult year, it may declare a moratorium on research and development funding for two years in order to save money.
moratorium

A temporary cessation.Usually encountered in real estate when a local government suspends issuance of building permits in a particular area because, for example, the existing water line or sewer line capacity will not accommodate new growth.
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THOUSANDS of company directors urged the Government today to announce a moratorium on regulations to lift burdens on businesses trying to cope with the effects of the recession.
Cut red tape say bosses by Huddersfield Daily Examiner (Huddersfield, England)
Today the Parliament of Kyrgyzstan approved the amendments to the Law on Making the Tax Code Effective that envisages a moratorium on property use tax.
Parliament of Kyrgyzstan approves moratorium on property use tax by AKIpress News Agency
Cambridge Dictionary--Moratorium: noun [C] plural, moratoriums or moratoria A stopping of an activity for an agreed amount of time: a five-year worldwide moratorium on nuclear weapons testing.
Honour moratorium by Golden, Shara / Anglican Journal
 
 
 
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