moratorium
noun
                                                                                                                            
                                                            mor·a·to·ri·um
                    
                                                                                                              
                                                                                                                                  ˌmȯr-ə-ˈtȯr-ē-əm 
                                                                                                                              
            ˌmär-
                                                      
                                                          
            
               plural moratoriums or moratoria
                                        ˌmȯr-ə-ˈtȯr-ē-ə 
                                    
    ˌmär-
    
            
        1
                    
        a
    
          
                                          
              
          
                                                      : a legally authorized period of delay in the performance of a legal obligation or the payment of a debt                                      
                
                    
        b
    
          
                                          
              
          
                                                      : a waiting period set by an authority                                      
                
                    
2
                    
                                          
              
          
                                                      : a suspension of activity                                      
                
                    
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  Merriam-Webster unabridged




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