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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.
(rÄâ²sÄsâ², rÄ­-sÄsâ²) n. 1. a. A temporary cessation of the customary activities of an engagement, occupation, or pursuit: The chairman of the committee called for a recess until Thursday. See Synonyms at pause. b. A period in the school day during which students are given time to play or relax.