Translation

一時停止 / 支払い猶予 / モラトリアム

Meaning

A temporary prohibition or suspension of a specific activity or action, often officially mandated by a government or organization.

Examples

• The government announced a moratorium on deep-sea drilling to protect marine ecosystems.
  The government announced a moratorium on deep-sea drilling to protect marine ecosystems.
• After the market crash, the bank placed a moratorium on all new home loan applications.
  After the market crash, the bank placed a moratorium on all new home loan applications.