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

the suspension of repayment of DEBT, or INTEREST, for a specified period of time. For example, the freezing of debt repayment obligations extended by advanced country governments and private banks to a developing country that is experiencing acute balance of payments difficulties or the suspension of debt payments owing to dealers in a commodity market that has suffered a dramatic price collapse. See DEBT SERVICING, INTERNATIONAL DEBT.

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.

References in periodicals archive ?
Covered by the moratorium are the following: deed of conditional sale, emergency loan, pension loan, pensioners' emergency loan, pensioners' restructured loan, real estate loan and restructured real estate loan.
Dayton's spokesman, Matt Swenson, issued a statement saying the governor "lacks the authority to unilaterally impose his own moratorium.
I'm not opposed to the uses of medical marijuana," said Councilor Jerry Behney, who supported the moratorium.
The concept of imposing a generalized regulatory moratorium seems to have originated with President Reagan.
This moratorium is a half-baked idea that will have little meaning other than to punish those it purports to help.
Of course, a moratorium isn't the only way for a community to control growth.
George Ryan greatly changed the moratorium game last year when, as a Republican and supporter of capital punishment, he paused executions in his state because of concerns about flaws in the system.
Petition forms can be obtained from Moratorium 2000 by calling 504-864-1071 or visiting www.
The ITFA provides a moratorium, for the period beginning Oct.
The moratorium is in effect as of today, and the Minister will not approve the process of hydraulic fracturing across the entire Northern Territory.
Lane County and Veneta considered but decided against imposing moratoriums.
However, some 30 cities, including Pasadena, have banned dispensaries altogether, and more than 60 others have enacted moratoriums on new storefronts.