Moratorium

A moratorium is a temporary suspension or pause on a particular activity or rule. In finance, it often refers to halting debt payments or loan obligations, allowing individuals or businesses time to recover without the pressure of immediate financial demands. In other contexts, it could involve a delay in a law or regulation, such as halting certain activities for environmental protection. Essentially, a moratorium grants a break or time-out period to address underlying issues or concerns before resuming normal operations.