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moratorium [(mawr-uh-tawr-ee-uhm)] A period of delay agreed to by parties to a dispute or parties who are negotiating. A moratorium may also be an authorized delay in the repayment of a loan, especially by a nation (as in a moratorium on war debts). The New Dictionary of Cultural Literacy, Third Edition Copyright Â© 2005 by Houghton Mifflin Company.
The moratorium came into effect in 1986. Norway registered its objection to the moratorium and as such is not bound by its rules. It hunts whales for both scientific and commercial purposes-the only nation to openly do so.A number of other countries, which are not parties to the IWC, hunt whales, including Canada and Indonesia.In addition, some traditional communities still hunt whales for subsistence purposes, specifically Inuit populations in Canada, Greenland and Alaska.he moratorium came into effect in 1986. Norway registered its objection to the moratorium and as such is not bound by its rules. It hunts whales for both scientific and commercial purposes-the only nation to openly do so.