'Moratorium' definitions:

Definition of 'moratorium'

From: WordNet
noun
A legally authorized postponement before some obligation must be discharged
noun
Suspension of an ongoing activity

Definition of 'Moratorium'

From: GCIDE
  • Moratorium \Mor`a*to"ri*um\, n. [NL. See Moratory.]
  • 1. (Law) 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. [Webster 1913 Suppl.]
  • 2. a suspension of an activity. [PJC]
  • 3. an officially authorized period of delay or waiting; as, a moratorium on putting a law into effect. [PJC]

Synonyms of 'moratorium'

From: Moby Thesaurus