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.
A Covenant is a type of contractual arrangement. A restrictive covenant is a clause in a deed or lease to real property that limits what the owner of the land or lease can do with the property. Restrictive covenants allow surrounding property owners, who have similar covenants in their deeds, to enforce the terms of the covenants in a court of law.