What is the meaning of moratorium?

1. A temporary suspension of payments due under a financial obligation in order to help a distressed borrower recover from financial difficulties and avoid default and foreclosure. 2. A temporary suspension of issuing building permits. (See workout).

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APABarry Goldsmith. (2010). moratorium. Retrieved September 20, 2026, from http://smartdefine.org/moratorium/definitions/1158430
ChicagoBarry Goldsmith. 2010. "moratorium" http://smartdefine.org/moratorium/definitions/1158430 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, moratorium, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/moratorium/definitions/1158430>.
MLABarry Goldsmith. "moratorium" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/moratorium/definitions/1158430>
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