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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.
To cease or suspend the action of temporarily; stop for an interim: paused the printer to add more paper; paused the DVD with the remote. n. 1. a. A break, stop, or rest, often for a calculated purpose or effect: After a dramatic pause, the lawyer finished her summation.