Define moratorium: a legally authorized period of delay in the performance of a legal obligation or the payment of a debt â moratorium in a sentence a legally authorized period of delay in the performance of a legal obligation or the payment of a debt; a waiting period set by an authorityâ¦
Restrictive Clause. A restrictive modifying clause (or essential clause) is an adjective clause that is essential to the meaning of a sentence because it limits the thing it refers to. The meaning of the sentence would change if the clause were deleted.
What is a Grandfather Clause. A grandfather clause is a provision in which businesses, enterprises, or class of persons are exempt from the provisions of a new rule, regulation, or law. Usually, a grandfather clause specifies a date for the division of exempted entities, making it clear that situations that occur from that date forward are subject to the new regulations. In basic terms, a grandfather clause allows the current state of something to remain unchanged, regardless of the policy change.