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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.
Stop the clock definition, an instrument for measuring and recording time, especially by mechanical means, usually with hands or changing numbers to indicate the hour and minute: not designed to be worn or carried about. See more.