If You Are Paying Emi Or Installment For Any Loan And You Get Some Relieves Or Vacation.
A moratorium is a temporary suspension of activity until future events warrant lifting of the suspension or related issues have been resolved. A moratorium on nuclear testing. In other words, during a moratorium period, the borrower is permitted to halt their.
A Suspension Of An Ongoing.
It is a period wherein you are entitled to get a break on your loan repayment. The term “moratorium” is not defined under the code. You can stop paying the.
Plural Moratoria 1 A :
1) any suspension of activity, particularly voluntary suspension of collections of debts by a private enterprise, or by government or pursuant to court order. A waiting period set by an authority 2 : Definition of moratorium moratorium means a type of vacation provided by the bank.
A Legally Authorized Period To Delay Payment Of Money Due Or The Performance Of Some Other Legal Obligation, As In An.
A moratorium period is a period during which the borrower is not obligated to make payments. Moratorium noun as in suspension a state of temporary inactivity the director of the blood bank called for a moratorium in donations until the surplus could be used up synonyms & similar. Moratoriums are often enacted in response.
The Period During Which Such A Suspension Occurs.
An authorized period of delay in the performance of an obligation (as the paying of a debt) b : In words and phrases, permanent edition, volume 27a, page 210, the word “moratorium” has been defined as a. It is usually enacted by a business or a government.
