WORD: MORATORIUM
MEANING:
1. Law
a. A lawful suspension of the payment of certain debts during a period of financial or civil distress.
b. The period during which such a suspension occurs.
2. A suspension of an ongoing or planned activity: a moratorium on timber cutting.
EXAMPLE/USAGE:
1. India places Yes Bank under moratorium
PRONOUNCE:
mor·a·to·ri·um - मॉरटॉरीअम / मॉरटोरीअम
LINK: MORATORIUM
MEANING:
1. Law
a. A lawful suspension of the payment of certain debts during a period of financial or civil distress.
b. The period during which such a suspension occurs.
2. A suspension of an ongoing or planned activity: a moratorium on timber cutting.
EXAMPLE/USAGE:
1. India places Yes Bank under moratorium
PRONOUNCE:
mor·a·to·ri·um - मॉरटॉरीअम / मॉरटोरीअम
LINK: MORATORIUM
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