Moratorium (law)
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A moratorium is a delay or suspension of an activity or a law. In a
legal
context, it may refer to the temporary suspension of a law to allow a legal challenge to be carried out.
For example,
endangered
or threatened animal species. These delays, or suspensions, prevent people from hunting or fishing the animals in discussion.
Another instance is a delay of legal obligations or payment (debt moratorium). A legal official can order a delay of payment[clarification needed] due to extenuating circumstances, which render one party incapable of paying another.[1]
See also
Look up moratorium in Wiktionary, the free dictionary.
References
- ^ dictionary.com. "definition of moratorium". dictionary.com.
- New International Encyclopedia(1st ed.). New York: Dodd, Mead.