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Definitions from the WebMoratoriumDescription:A moratorium refers to a temporary suspension or halt, typically imposed by a government or authority, on an activity or process. This cessation can be legally mandated or voluntarily undertaken to address various issues such as economic, environmental, or social concerns. Parts of Speech:
Senses and Usages:1. Legal Sense: A legally authorized suspension or postponement of a specific activity or action. Example sentence: The government declared a moratorium on new construction projects in the protected area. 2. Financial Sense: A temporary period during which debt payments or financial obligations are postponed. Example sentence: Many struggling businesses requested a moratorium on loan repayments due to the economic downturn caused by the pandemic. 3. Environmental Sense: A temporary prohibition on certain activities that may harm the environment or specific ecosystems. Example sentence: The fishing industry accepted a moratorium on harvesting certain fish species to allow their populations to recover. 4. Social Sense: A temporary suspension or cessation of a particular practice or action due to societal or moral concerns. Example sentence: The government declared a moratorium on capital punishment while reviewing its ethical implications. Related Products: | ||||
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