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 ?
Presidentially Driven Soft Moratoria. On January 29, 1981, President Reagan--immediately upon coming into office--issued a memorandum to designated heads of executive agencies titled "Memorandum Postponing Pending Federal Regulations." (26) In the memorandum, President Reagan directed agency heads--to the extent permitted by law and subject to certain specified exceptions-to "postpone for 60 days" the "effective date of all regulations" that had been "promulgated in final form and that [were] scheduled to become effective during such 60-day period." (27) In addition, he directed agencies "[to] refrain, for 60 days following the date of this memorandum, from promulgating any final rule." (28)
Bush, and Obama, has "ordered a similar regulatory moratorium." (34) These short-term moratoria generally have been viewed and justified as tools for presidents to control the phenomenon of midnight rulemaking by the prior administration--a term that refers to the spike in new regulations that takes place at the end of a presidential term.
Specifically, all of the moratoria issued by Presidents Clinton, George W.
Another aspect of President Bush's moratorium differentiated it from the regulatory moratoria issued by other presidents at the beginning of their administrations: whereas the moratoria issued by Presidents Reagan, Clinton, George W.
authorities for the OCS moratoria and discuss issues of ocean
significant part of how moratoria are considered as a tool for OCS
areas has been a central concern of the moratoria debate.
moratoria provisions annually between 1982 and 2008 in Department of the
The coefficient estimates for the regional dummies indicate that relative to the Northeast (the omitted region), states in other regions of the country were less likely to adopt foreclosure moratoria. Stated differently, for a given rate of farm foreclosures, states in the Northeast were more likely to adopt foreclosure moratoria than states elsewhere.
Model 3 further refines the analysis by testing whether the influence of farm foreclosures on moratoria adoption was stronger in states with relatively high farm populations.
The coefficients on the regional dummies are again negative, suggesting a relatively low demand for moratoria among states outside the Northeast.
For additional insights about why states adopted (or did not adopt) foreclosure moratoria, I examined the residuals from the legit models reported in Table 2.