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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.
A limited or established period of time that something is supposed to last, as a school or court session, tenure in public office, or a prison sentence. 2. a. A point in time at which something ends; termination: an apprenticeship nearing its term.