What does term moratorium mean?
A moratorium is a temporary suspension of an activity or law until future consideration warrants lifting the suspension, such as if and when the issues that led to moratorium have been resolved. A moratorium may be imposed by a government, by regulators, or by a business.
What is an example of a moratorium?
The definition of a moratorium is an authorized delay in an activity or obligation. An example of a moratorium is a deferment on the payback on loans. A lawful suspension of the payment of certain debts during a period of financial or civil distress. The period during which such a suspension occurs.
What is the meaning of loan moratorium?
A loan moratorium is a legally authorized period that delays the payment of money due on account of specific loan instalments. The way it works is simple: The standard loan practice is repaying your loan as soon as it is granted.
What is the meaning of Moration?
n. 1. A delaying tarrying; delay. Webster’s Revised Unabridged Dictionary, published 1913 by G.
What is the opposite of moratorium?
▲ Opposite of an authorization to a debtor, permitting temporary suspension of payments. continuance. continuation.
Is interest charged during moratorium period?
The apex court furthermore directed that there shall be no interest on interest or penal interest on any amount during the loan moratorium from any borrower.
What is 12month moratorium?
A moratorium period, which is similar to forbearance or deferment, is when your lender allows you to stop making payments for a specific period of time and a specific reason. Usually, the reason involves some kind of financial hardship.
What does cash strapped mean?
Definition of cash-strapped : lacking sufficient money.
What is plural moratorium?
moratorium. noun. mor·a·to·ri·um | \ ˌmȯr-ə-ˈtȯr-ē-əm \ plural moratoriums; plural moratoria.
What is the synonym of moratorium?
An authorization to a debtor, permitting temporary suspension of payments. suspension. freeze. halt. postponement.
What is the moratorium interest?
A moratorium period is the time during a loan term when the borrower is not required to make any repayment. It is a waiting period before which repayment of EMIs resumes. Normally, the repayment begins after the loan is disbursed and the payments have to be made every month.
What is the meaning of moratorium?
Definition of moratorium 1 a : a legally authorized period of delay in the performance of a legal obligation or the payment of a debt b : a waiting period set by an authority 2 : a suspension of activity
What does moratoria mean in English?
/ ˌmɔːr.əˈtɔːr.i.əm / plural moratoriums or moratoria a stopping of an activity for an agreed amount of time: a five-year worldwide moratorium on nuclear weapons testing SMART Vocabulary: related words and phrases
What is a moratorium on genetic testing?
A moratorium maintains both treatment and insurance opportunities for individuals, but imposes adverse selection costs on the insurance industry. Such a moratorium maintains both treatment and insurance opportunities, without creating an implied demand for genetic testing. People began to call vainly for a moratorium on debt.
What is the difference between moratorium and hold?
moratorium – a legally authorized postponement before some obligation must be discharged delay , postponement , time lag , wait , hold – time during which some action is awaited; “instant replay caused too long a delay”; “he ordered a hold in the action”