Law Dictionary

moratory

adjective mor·a·to·ry \ˈmȯr-ə-ˌtȯr-ē\

Legal Definition of moratory

  1. :  of, relating to, or resulting from delay in the payment or performance of an obligation moratory interest

Origin and Etymology of moratory

French moratoire, from Late Latin moratorius


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WORD OF THE DAY

to cast off or become cast off

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