Moratoriums
/ˌmɔːrəˈtɔːriəmz/
Definitions
- (n.) Plural of moratorium: a legally authorized period of delay or suspension of an activity or obligation, commonly used to delay debt payments or enforcement actions.
The government imposed moratoriums on foreclosures during the economic crisis.
Forms
- moratorium
Related terms
See also
Commentary
Moratoriums is the plural of moratorium; legal documents usually treat it as a suspension period and may specify triggers for its termination.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.