Moratorium

[,mɒrə'tɔːrɪəm] or [,mɔrə'tɔrɪəm]

(noun.) suspension of an ongoing activity.

(noun.) a legally authorized postponement before some obligation must be discharged.

Checker: Lucy--From WordNet

n. an emergency act allowing a government bank to suspend payments in specie for a given time.

Inputed by Anna