moratorium

/,mɔrə'tɔ:riəm/
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moratorium

A city council votes to place a moratorium on new construction.

Definition
  1. Noun:
    • A temporary suspension of an ongoing activity: A "moratorium" is an official authorization to stop or delay a particular process or activity for a defined period.
    • A legally authorized postponement before some obligation must be discharged: In legal and financial contexts, it specifically refers to a period during which debtors are legally permitted to delay payment.
Usage and Examples
  • General Suspension:
    • The government declared a moratorium on all new construction in the coastal zone.
    • Scientists have called for a global moratorium on gene-editing experiments in humans.
  • Legal/Financial Postponement:
    • The bank agreed to a six-month moratorium on the loan repayments.
    • During the economic crisis, a moratorium on foreclosures was put in place.
Advanced Usage
  • "To impose/lift a moratorium on something": This is the standard collocation for starting or ending a suspension.
    • The city council voted to impose a moratorium on drilling.
    • They plan to lift the fishing moratorium next season.
  • "To be under a moratorium": Describes the state of being suspended.
    • All mining activity in the region is currently under a moratorium.
Variants and Related Words
  • Moratoria (n): The less common plural form of "moratorium."
    • Several debt moratoria were announced during the recession.
Synonyms
  • Suspension: A temporary prevention or stopping of an activity.
  • Freeze: An official and complete stop for a period.
  • Hiatus: A pause or break in continuity.
  • Stay (legal): A temporary stopping of a judicial proceeding or obligation.
Antonyms
  • Continuation: The act of carrying on.
  • Resumption: The act of beginning again.
Related Phrases and Idioms
  • "De facto moratorium": A suspension that exists in practice or effect without being officially declared.
    • There has been a de facto moratorium on new permits while the policy is reviewed.
moratorium

A city council votes to place a moratorium on new construction.

Noun
  1. suspension of an ongoing activity
  2. a legally authorized postponement before some obligation must be discharged