Noun
suspension of an ongoing activity
a legally authorized postponement before some obligation must be discharged
Source: WordNetAccording to him, the loan will have a one-year moratorium and repayable in 10 years with an interest rate of 4.5 per cent, instead of the usual 20 to 21 per cent interest charged by banks on conventional loans. Source: Internet
According to many human rights activists, the death penalty violates this right. citation The United Nations has called on states retaining the death penalty to establish a moratorium on capital punishment with a view to its abolition. Source: Internet
A moratorium is not a new concept in the housing industry as most borrowers buying an under-construction property ask for a moratorium period. Source: Internet
“All lending institutions, governed by the RBI, should allow a moratorium of six months of all dues and overdue installments/EMI/interest of all loans, including term loans, which are outstanding as on 1st March 2020,” it added. Source: Internet
A moratorium on business evictions will continue to the end of the year. Source: Internet
“Although Governor Ige extended the moratorium until Dec. 31, a temporary eviction moratorium with the same expiration date was already granted by the CDC in September,” said Sugimura. Source: Internet