The American Heritage® Dictionary of the English Language, 4th Edition
n. Law An authorization to a debtor, such as a bank or nation, permitting temporary suspension of payments.
n. Law An authorized period of delay in the performance of an obligation.
n. A suspension of an ongoing or planned activity: a moratorium on the deployment of a new weapon.
the GNU version of the Collaborative International Dictionary of English
n. A period during which an obligor has a legal right to delay meeting an obligation, esp. such a period granted, as to a bank, by a moratory law.
n. a suspension of an activity.
n. an officially authorized period of delay or waiting.
The Century Dictionary and Cyclopedia
n. In law, legal title to delay in making a due payment: as a legislative authorization of suspension of payment by a government bank.
n. In law, legal title to delay in making a due payment: as a legislative authorization of suspension of payment by a government bank.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. a legally authorized postponement before some obligation must be discharged
n. suspension of an ongoing activity
Word Usage
"Just consider Louisiana Governor Bobby Jindal's recent tirade in which he called the moratorium an "economic calamity" that has jeopardized thousands of jobs."