Moratorium

Moratorium [ mawr-uh'-TWAR-ee-uh'm ]
 noun ]
 MEANING :
 1. an authorization to a debtor permitting the temporary delay or suspension of payments
2. a period of delay agreed to by parties who are in the process of negotiating
3. a suspension of the ongoing performance of an obligation
 USAGE EXAMPLE 1 :
 The finance minister sought a moratorium from the World Bank so that the money could be diverted and spent on disaster management instead.
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