Moratorium ( noun , verb )

(As a noun)

Moratorium ( noun )

A legally authorized period during which certain activities are suspended, such as foreclosure or eviction proceedings.

Origin:

From latin moratoria, from morator "delayer".

Examples:

1. The government declared a moratorium on all evictions during the pandemic.
2. The bank agreed to a six-month moratorium on loan payments for customers affected by the disaster.
3. The city council has imposed a moratorium on the construction of new high-rise buildings in the downtown area.
4. The company"s board of directors voted to impose a moratorium on the sale of the company"s assets.
5. Some environmentalists are calling for a moratorium on all logging in the national forest.

(As a verb)

Moratorium ( verb )

A legally authorized period during which certain activities are suspended, such as foreclosure or eviction proceedings.

Origin:

From latin moratoria, from morator "delayer".

Examples:

1. The government declared a moratorium on all evictions during the pandemic.
2. The bank agreed to a six-month moratorium on loan payments for customers affected by the disaster.
3. The city council has imposed a moratorium on the construction of new high-rise buildings in the downtown area.
4. The company"s board of directors voted to impose a moratorium on the sale of the company"s assets.
5. Some environmentalists are calling for a moratorium on all logging in the national forest.