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MORATORIUM (from Lat. mora?i, to delay)

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Originally appearing in Volume V18, Page 817 of the 1911 Encyclopedia Britannica.
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MORATORIUM (from
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Lat.
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mora?i, to delay)  , a
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term used to
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express a legal authorization postponing for a specified
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time the
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payment of debts ,or obligations . The term is also sometimes used to mean the
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period over which the
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indulgence or period of
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grace stretches, the authorization itself being called a moratory
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law . A moratory law is usually passed in some
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special period of
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political or commercial stress; for instance, on several occasions during the Franco-
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German
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War the
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French
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government passed moratory
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laws . Their
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international validity was discussed at length and upheld in Rouquette v . Overman, 1875, L . R. lo Q . B .

End of Article: MORATORIUM (from Lat. mora?i, to delay)
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NICOLAS FERNANDEZ DE MORATIN (1737-1780) 		[next]
MORAVIA (Ger., Ma/wen; Czech, Morava)

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