Moratorium

Business / Real Estate / Moratorium: 1.A temporary suspension of payments due under a financial obligation in order to help a distressed borrower recover from financial difficulties and avoid default and foreclosure. 2. A temporary suspension of issuing building permits.

Other Words for Moratorium

Moratorium Noun Synonyms: halt, hiatus, suspension, stay, respite, freeze, delay, waiting-period, postponement
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