moratorium

(redirected from moratoriums)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

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 ?
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.
This moratorium is a half-baked idea that will have little meaning other than to punish those it purports to help.
In a letter urging President Clinton to declare an executive moratorium on federal executions, American religious leaders, including Sojourners' Jim Wallis, insisted that "at no time since the death penalty was halted in 1972, have Americans, individually and collectively, expressed such grave reservations about capital punishment.
The unacceptable error rate in death penalty cases in part is what prompted the ABA to first call for a moratorium on executions in 1997.
The grandfather clause discussed above does not apply to the multiple tax moratorium.
In Creswell, three of four councilors voted to support a moratorium - although final action won't be taken until a special council meeting on April 21.
Cities no longer under the moratorium include Newark, Pittsburg, Culver City, Glendale, Pico Rivera, Corte Madera, Laguna Beach, Canyon Lake, Corona, Hemet, Indian Wells, La Quinta, Moreno Valley, Murrieta, Palm Springs, Rancho Mirage, Riverside, Temecula, Citrus Heights, Folsom, and Escondido.
Assuming the state Department of Land Conservation and Development signs off on the council's decision, that means a 120-day moratorium on new subdivisions and planned unit developments.
Several others have adopted moratoriums and are currently studying the issue.
The Pennsylvania Builders Association (PBA) believes the decision by the Court of Common Pleas of Delaware County should send a strong message to municipalities statewide that the enacting of building moratoriums represents a taking under the U.
Former Chancellor Dennis cited renewed calls for death penalty moratoriums throughout the nation and said that "there exists a substantial risk that the death penalty continues to be imposed in an arbitrary, capricious and discriminatory manner.