WordGarden.iomoratorium
C2Pronunciation
UK
- /mˌɔːrətˈɔːriəm/
US
- /ˌmɔrəˈtɔriəm/
Meanings
Noun
an official temporary suspension or ban on an activity or rule
a temporary postponement of debt repayment or other financial obligation
Beyond the definition
Imagine a busy city deciding to pause all construction for a year so it can figure out how to handle traffic chaos. That is essentially what a moratorium is: an official temporary pause. It is not a permanent stop, but a break in activity that gives people time to review a problem or make changes.
The word comes from Latin roots connected with delay, and it has often been used in legal and financial settings. A government might place a moratorium on evictions after a natural disaster, giving families breathing room. Or a country might declare one on nuclear testing. It is like hitting the pause button on something important, with the understanding that it may start again later, hopefully under better conditions.
A moratorium is an official decision to temporarily suspend or postpone an activity, duty, or practice. It is more than a simple delay; it suggests a deliberate and approved halt, usually for a set period of time and with the idea that the activity may resume later.
Historically, the term was often used in legal and financial contexts, especially for a temporary suspension of debt payments. A lender might grant one to people facing financial hardship, allowing them time to recover before payments begin again. Over time, the use of the word has broadened.
Today, you might hear about a moratorium on evictions during a public health crisis, giving renters protection from being forced out of their homes. A government might also impose one on logging in a sensitive forest area while it studies the environmental effects.
The key point is that a moratorium is not a cancellation. It is a temporary pause with the expectation that something may continue later. It allows time for review, negotiation, or for dealing with underlying problems before moving forward. Think of it as a strategic timeout that lets things cool down and be reconsidered before action starts again. It can apply to debt payments, legal processes, scientific research, environmental policy, and many other situations where a temporary pause is needed.
Examples
- 1
Government policy
The government announced a moratorium on evictions during the winter.
- 2
Mortgage relief
After the storm, many homeowners asked their bank for a moratorium on mortgage payments.
- 3
Hiring freeze
The company put a moratorium on hiring after profits fell.
- 4
Environmental policy
Several countries want a moratorium on deep-sea mining until more research is done.
More examplesFewer examples
- 5
Rule in effect
Under the moratorium, no new drilling licenses can be issued.
- Patternunder the moratorium
while that rule or pause is in effect
See also
Similar
Shades of meaning
Contrast
Used with (collocations)
- impose a moratorium
- lift a moratorium
- moratorium on evictions
- debt moratorium
Explore
- forbearance
- grace period
Forms and spellings
3 forms open this card.
Main spelling
- moratoriumnoun
Forms
- moratoriumspluralnoun
- moratoriapluralnoun